Fla. Admin. Code Ann. R. 60S-7.010 - Actuarial Factors for Calculating Disability Benefits Provided by Options 2, 3 and 4

(1) In the event that actuarial factors are required for certain ages for which there are no actuarial factors provided in this rule, the Administrator shall make available the appropriate factors.

(2) The actuarial factors used to determine the disability benefits as provided in Section 121.091(4), F.S., that are payable to a member who retires with an effective date of August 1, 1983, through December 1, 2015, and who elects to receive benefits as provided by Option 2 in paragraph 60S-4.010(1)(b), F.A.C., Option 3 in paragraph 60S-4.010(1)(c), F.A.C., or Option 4 in paragraph 60S-4.010(1)(d), F.A.C., effective January 2016, available at http://www.flrules.org/Gateway/reference.asp?No=Ref-06289, are incorporated by reference and may be obtained by contacting the Division of Retirement by mail P.O. Box 9000, Tallahassee, Florida 32315-9000; or in person at 1317 Winewood Boulevard, Building 8, Tallahassee, Florida 32399-1560; or by e-mail at retirement@dms.myflorida.com; or by telephone toll-free at (844)377-1888 or locally at (850)907-6500. For the purpose of selecting the appropriate actuarial factor, the age of the member and the joint annuitant shall be determined as described in subsection (4).

(3) The actuarial factors used to determine the disability benefits as provided in Section 121.091(4), F.S., that are payable to a member who retires with an effective date of January 1, 2016, or later, and who elects to receive benefits as provided by Option 2 in paragraph 60S-4.010(1)(b), F.A.C., Option 3 in paragraph 60S-4.010(1)(c), F.A.C., or Option 4 in paragraph 60S-4.010(1)(d), F.A.C., effective January 2017, available at http://www.flrules.org/Gateway/reference.asp?No=Ref-07878, are incorporated by reference and may be obtained by contacting the Division of Retirement by mail at P.O. Box 9000, Tallahassee, or in person at 1317 Winewood Boulevard, Building 8, Tallahassee, Florida 32399-1560; or by email at retirement@dms.myflorida.com; or by telephone toll-free at (844)377-1888 or locally at (850)907-6500. For the purpose of selecting the appropriate actuarial factor, the age of the member and the joint annuitant shall be determined as described in subsection (4).

(4) If the effective date of retirement occurs fewer than 7 months after the birth month, the actuarial factor selected shall be the factor for the age as of the last birthday. If the effective date of retirement occurs 7 or more months after the birth month, the actuarial factor selected shall be the factor for the age as of the next birthday.

Notes

Fla. Admin. Code Ann. R. 60S-7.010

Rulemaking Authority 121.031 FS. Law Implemented 121.091(6) FS.

New 10-18-83, Formerly 22B-7.10, Amended 11-14-91, Formerly 22B-7.010, Amended 8-13-03, Amended by Florida Register Volume 42, Number 002, January 5, 2016 effective 1/20/2016, Amended by Florida Register Volume 43, Number 030, February 14, 2017 effective 3/2/2017.

New 10-18-83, Formerly 22B-7.10, Amended 11-14-91, Formerly 22B-7.010, Amended 8-13-03, 1-20-16, 3-2-17.