Fla. Admin. Code Ann. R. 60U-1.011 - Definitions

The acronyms, titles, 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 Chapter 121, F.S. Titles, words, and phrases so expressly defined may be initially capitalized for convenient reference and for notice purposes only.

(1) FRS - Florida Retirement System.

(2) Mandatory Participant - One who must become a Participant due to appointment to positions listed in Section 121.051(1)(a)2., F.S.

(3) Participant - A successful enrollee in the SUSORP.

(4) Provider Company - A business designated by the division from which a Participant may choose to purchase investment products under the SUSORP.

(5) SUSORP - State University System Optional Retirement Program.

(6) SUSORP Election Window - The period beginning the date a person becomes an Employee of the State University System who as a result is eligible or required to be a Participant, and the earlier of:

(a) 90 days thereafter;

(b) The person becoming a Participant; or

(c) The person becoming ineligible to be a Participant.

Notes

Fla. Admin. Code Ann. R. 60U-1.011

Rulemaking Authority 121.031, 121.35 FS. Law Implemented 121.35 FS.

Adopted by Florida Register Volume 42, Number 026, February 09, 2016 effective 2/23/2016.

New 2-23-16.