Fla. Admin. Code Ann. R. 60W-4.006 - Supplemental Benefits Payable After Termination
A participant whose employment is terminated for any reason other than death, or retirement from the Institute with immediate commencement of supplemental benefits, shall be subject to the following provisions:
(1) If he or she had less than 10 years of
creditable service with the Institute at the time of his or her termination, he
or she shall not be entitled to supplemental benefits under this chapter;
or
(2) If his or her termination of
employment from the Institute is prior to meeting the age requirements for
Civil Service Optional (deferred) Retirement (age 62 with 5 years service, age
60 with 20 years service, or age 55 with 30 years service), and he or she will
not be immediately eligible for a Civil Service benefit, and he or she does not
return to employment with the Institute for sufficient time to qualify him for
eligibility for Civil Service retirement immediately upon a subsequent
termination, he or she shall not be entitled to supplemental benefits under
this chapter; or
(3) If he or she
had not attained age 62 at the time of his or her termination, but was
otherwise eligible for a supplemental benefit as provided in Rule
60W-4.003, F.A.C., he or she
shall be eligible, upon attaining age 62 and proper application, to receive a
monthly supplemental benefit based on his or her average final compensation and
creditable service as of his or her date of termination from the Institute, and
computed in accordance with Rule
60W-4.004,
F.A.C.
Notes
Rulemaking Authority 121.40(13) FS. Law Implemented 121.40 FS.
New 2-4-86, Formerly 22Q-4.006.
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