Fla. Admin. Code Ann. R. 60T-1.007 - Funding
(1) Employee contributions shall be deposited
into the retirement system or plan not less frequently than monthly.
(2) Employer contributions shall be deposited
into the retirement system or plan not less frequently than
quarterly.
(3) Any payment for
retroactive contribution rate increases shall be deposited into the retirement
system or plan on or before the date such payment is due.
(4) Any revenues received from any source by
an employer for allocation to a retirement system or plan shall be deposited
into such system or plan not later than 30 days from receipt by the
employer.
(5) Administrative
expenses, annual funding costs, and contribution rate increases shall be funded
in accordance with subsections
60T-1.003(8) through
(10) and
60T-1.004(4),
F.A.C.
Notes
Rulemaking Authority 112.665(1) FS. Law Implemented 112.61, 112.64 FS.
New 11-14-91, Formerly 22D-1.007.
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