Summary
The amendments to this rule: explain the deferral of Deferred Retirement Option Program (DROP) initial eligibility date for an elected officer; expand the definition of “DROP Participation” period to include those certain K-12 instructional personnel with certain employers who may extend their DROP participation for up to 36 months beyond the 60 month DROP participation period in accordance with statute; delete the definition of “Instructional Personnel” as it is no longer applicable; clarify that a renewed member and an Investment Plan participant may not participate in DROP in accordance with statute; reflect the statutory changes to termination requirements, reemployment limitations and renewed membership resulting from Chapter 2009-209, Laws of Florida and incorporate by reference five revised Division forms and eight Division forms previously adopted under Rule 60S-9.001, F.A.C.