Fla. Admin. Code Ann. R. 60V-5.001 - Definitions

Whenever used in these rules, unless otherwise expressly stated, or unless the context or subject matter requires a different meaning, the following words and terms shall have the meaning indicated:

(1) Annuity Contract - means the written agreement between the employee and a provider company.

(2) Benefit - means any lump sum payment or annuity payment from a provider company to a participant, beneficiary or estate.

(3) Division - means the Division of Retirement.

(4) Participant - means any eligible member who has elected to be covered by the Senior Management Service Optional Annuity Program.

(5) Plan Year - means the period of time beginning July 1 and ending on the following June 30, both dates inclusive.

(6) Provider Company - means one of the companies designated by and under contract with the Division to offer annuity products to participants in the Optional Annuity Program.

Notes

Fla. Admin. Code Ann. R. 60V-5.001

Specific Authority 121.031(1) FS. Law Implemented 121.055 FS.

New 7-22-87, Amended 5-15-91, 11-14-91, Formerly 22V-5.001.

New 7-22-87, Amended 5-15-91, 11-14-91, Formerly 22V-5.001.