The words and phrases in this chapter shall be construed
according to their plain meaning, in light of the context and subject matter,
unless expressly defined otherwise in this rule, this chapter or in Section
112.625, F.S.
(1) "Actuarial Impact Statement" means a
statement setting forth the actuarial liabilities and contribution requirements
of a proposed change in the provisions of a local retirement system certified
by an enrolled actuary or prepared by the plan administrator or plan
sponsor.
(2) "Actuarial Report"
means a report prepared and certified by an enrolled actuary based on actuarial
evaluation of a local retirement system or plan.
(3) "Division" means the Division of
Retirement, Bureau of Local Retirement Systems.
(4) "Local Retirement System or Plan" means
any employee pension benefit plan supported in whole or in part by public funds
which is not specifically exempt by Section
112.625(8),
F.S.
(5) "Significant Plan
Amendment" means any change or changes in the retirement plan or system the net
effect of which would require a current or potential increase in the
contribution rate.
Notes
Fla. Admin. Code Ann. R. 60T-1.002
Rulemaking Authority
112.665(1) FS.
Law Implemented 112.63,
112.64,
112.661,
112.664,
112.665
FS.
New 5-6-81, Amended 9-19-83, Formerly 22D-1.02, Amended
11-14-91, Formerly 22D-1.002, Amended by
Florida
Register Volume 41, Number 126, June 30, 2015 effective
7/16/2015, Amended by
Florida
Register Volume 49, Number 239, December 12, 2023 effective
12/25/2023.
New 5-6-81, Amended 9-19-83, Formerly 22D-1.02, Amended
11-14-91, Formerly 22D-1.002, Amended 7-16-15,
12-25-23.
