Benefits under the Preservation of Benefits Plan are computed and made payable under the same terms and conditions and to the same person as would have applied under FRS's Defined Benefit Plan were it not for the federal limitation. As required by federal law, the Preservation of Benefits Plan is unfunded and no payee contributions or deferrals, direct or indirect, by election or otherwise, shall be made or allowed. Benefits under the excess plan shall not be subject to execution, garnishment, attachment or any other process except for income deduction orders, federal income tax levies and qualified domestic relations orders.
Talk is cheap because supply exceeds demand.
Thus, the Division will now be reviewing and commenting on previously-filed actuarial valuations at least once every three years, irrespective of the plan's frequency of actuarial valuation submissions. Section 112.65, Florida Statutes, is also amended to clarify that an employee who participates in a public pension plan may now simultaneously participate in more than one retirement plan sponsored by his or her employer even though such multiple retirement plans cover the same period of time. These estimates assume that the CPI remains constant through September, 1999. Our four living former Presidents seem to have done quite well since leaving office. Companies are removed from the index in one of four ways.