The oversight of local government retirement plans by the Division of Retirement of the Department of Management Services, as provided in Part VII, Chapter 112, Florida Statutes. This is a continuation of the rule development workshop held on ...

 

DEPARTMENT OF MANAGEMENT SERVICES
Division of Retirement - Local Retirement

RULE NO: RULE TITLE
60T-1.001: Scope and Purpose
60T-1.002: Definitions
60T-1.003: Actuarial Reports
60T-1.004: Actuarial Impact Statements
60T-1.005: Review of Actuarial Reports and Actuarial Impact Statements
60T-1.006: Defined Contribution Plans
60T-1.007: Funding
60T-1.008: Additional Benefits Funded by Experience
60T-1.009: Additional Filing Requirements
The Division of Retirement announces a workshop to which all persons are invited.

DATE AND TIME: September 10, 2008, 1:00 p.m. – 4:00 p.m.

PLACE: Radisson Resort Orlando – Celebration Conference Center, 2900 Parkway Boulevard, Kissimmee, Florida 34747, For directions call: [phone].

GENERAL SUBJECT MATTER TO BE CONSIDERED: The oversight of local government retirement plans by the Division of Retirement of the Department of Management Services, as provided in Part VII, Chapter 112, Florida Statutes.

This is a continuation of the rule development workshop held on July 14, 2008, in Tallahassee to receive comments on draft rules for Chapter 60T-1, F.A.C., published in the June 27, 2008, Administrative Weekly. Rule Chapter 60T-1, F.A.C., sets forth the rules under which municipal and special district units of government are to provide information on their retirement plans to the Department of Management Services, Division of Retirement, pursuant to Part VII of Chapter 112, F.S. The provisions of this chapter are applicable to all counties, municipal governments, special districts (or agencies and instrumentalities thereof), state universities, community colleges or district schools that operate or administer a retirement plan for public employees funded in whole or in part by public funds. This chapter does not apply to counties, municipalities, special districts, state universities, community colleges, or district schools with respect to any of their employees which participate as a covered group in the Florida Retirement System, except that this chapter does apply to any defined benefit promise that may be offered by any Florida Retirement System participating agency which promise is not otherwise provided by the Florida Retirement System. This chapter applies to counties, municipalities, state universities, community colleges, or district schools with respect to any of their employees for whom early retirement annuities are provided pursuant to Sections 121.182, 1001.64(21), 1001.74(19), 1012.685, or 1012.87, F.S.

A copy of the agenda may be obtained by contacting: Garry Green, Operations and Management Consultant Manager, Department of Management Services, Division of Retirement, 1317 Winewood Blvd., Bldg. 8, Tallahassee, FL 32399-1560, [phone]. A copy of the preliminary draft may also be obtained by contacting Garry Green as indicated.

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Richard Clifford at [phone], or Toll Free 1(877)377-1737. If you are hearing or speech impaired, please contact the agency by calling 1(800)877-1113. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

If any person decides to appeal any decision made by the Board with respect to any matter considered at this meeting or hearing, he/she will need to ensure that a verbatim record of the proceeding is made, which record includes the testimony and evidence from which the appeal is to be issued.

For more information, you may contact: Garry Green, Operations and Management Consultant Manager, Department of Management Services, Division of Retirement, 1317 Winewood Blvd., Bldg. 8, Tallahassee, Florida 32399-1560, [phone].