Florida Administrative Code › 60 - DEPARTMENT OF MANAGEMENT SERVICES › 60S - Division of Retirement › Chapter 60S-4 - BENEFITS › Section 60S-4.003 - Retirement Eligibility

Current through Reg. 50, No. 138; July 16, 2024
(1) An FRS Pension
				Plan member shall be eligible to receive a retirement benefit based on age and
				service provided:
(a) He or she terminates all
				employment with all employers participating in the Florida Retirement System as
				provided in Rule  60S-6.001, F.A.C., (termination)
				or subsection (3) of this Rule, except as provided in subsection
				 60S-4.012(8),
				F.A.C., and
(b) He or she satisfies
				vesting requirements by completing creditable service as follows:
1. Eight years of creditable service for
				members initially enrolled in the FRS on or after July 1, 2011.
2. Six years of creditable service for
				members initially enrolled in the FRS prior to July 1, 2011, subject to the
				following:
a. A member who is employed in a
				covered position on July 1, 2001 or a new member who begins employment in a
				covered position between July 1, 2001 and June 30, 2011, shall satisfy the
				vesting requirement for retirement eligibility upon completion of a total of 6
				years of creditable service in any membership class;
b. A member with service before July 1, 2001
				who is not employed on July 1, 2001 must be employed in a regularly established
				position for one work year after that date to become eligible for 6-year
				vesting as provided in sub-subparagraph a. However, when such member completes
				the vesting requirements in sub-subparagraphs
				 60S-4.003(1)(b) 
				3.a.-c., F.A.C., prior to completing the one work year, such member shall be
				vested.
3. Any member
				initially enrolled in the FRS prior to July 1, 2001, who does not satisfy the
				requirement of sub-subparagraph 2. a. or b. shall remain subject to the
				following vesting requirements:
a. 10 years of
				any creditable service; or
b. 8
				years of creditable service as an Elected Officers' Class member; or
c. 7 years of creditable service as a Senior
				Management Service Class member, which shall include:
(I) Service in the Senior Management Service
				Class after January 31, 1987 or the effective date of membership in the Senior
				Management Service Class, whichever is later; and
(II) Service within the purview of the Senior
				Management Service Class performed on and after September 1, 1980 and prior to
				the effective date of membership in the Senior Management Service Class as
				provided in subsection
				 60S-1.0057(1),
				F.A.C. Such service shall have the percentage value per year of the Class to
				which the member belonged when the service was
				performed.
(c) He or she attains one of the following:
1. Normal retirement age with benefits
				payable according to Rule
				 60S-4.004, F.A.C., as follows:
a. If initially enrolled in the FRS prior to
				July 1, 2011, he or she has completed 30 years of creditable service,
				regardless of age; (all creditable service, including military service is
				applicable); or
b. If initially
				enrolled in the FRS on or after July 1, 2011, he or she has completed 33 years
				of creditable service, regardless of age; (all creditable service, including
				military service is applicable); or
c. If initially enrolled in the FRS prior to
				July 1, 2011, all of his or her creditable service is in the Regular Class, the
				Elected Officers' Class, and/or the Senior Management Service Class, and he or
				she has reached age 62; or
d. If
				initially enrolled in the FRS on or after July 1, 2011, all of his or her
				creditable service is in the Regular Class, the Elected Officers' Class, and/or
				the Senior Management Service Class, and he or she has reached age 65;
				or
e. All of his or her creditable
				service is Special Risk Class service or a combination of Special Risk Class
				service and Special Risk Administrative Support Class service, State and County
				Officers and Employees' Retirement System high-hazard service, Highway Patrol
				Pension System service, or service as provided in Rule
				 60S-2.0041, F.A.C., and:
(I) He or she has satisfied vesting
				requirements in paragraph (b) but:
(A) If
				initially enrolled in the FRS prior to July 1, 2011, has completed less than 25
				years of such creditable service and has reached age 55; or
(B) If initially enrolled in the FRS on or
				after July 1, 2011, has completed less than 30 years of such creditable service
				and has reached age 60; or
(II) He or she has creditable service that
				includes credit for military service, and:
(A)
				If initially enrolled in the FRS prior to July 1, 2011, has completed 25 years
				of such service and has reached age 52; or
(B) If initially enrolled in the FRS on or
				after July 1, 2011, has completed 30 years of such service and has reached age
				57; or
(III) Regardless
				of age:
(A) If initially enrolled in the FRS
				prior to July 1, 2011, he or she has completed 25 years of such creditable
				service; or
(B) If initially
				enrolled in the FRS on or after July 1, 2011, he or she has completed 30 years
				of such creditable service.
2. Early retirement age with benefits payable
				in accordance with Rule
				 60S-4.005, F.A.C., as follows:
a. All of his or her creditable service is in
				the Regular Class, the Elected Officers' Class, and/or the Senior Management
				Service Class and:
(I) If initially enrolled
				in the FRS prior to July 1, 2011, he or she has neither reached age 62, nor
				completed 30 years of service; or
(II) If initially enrolled in the FRS on or
				after July 1, 2011, he or she has neither reached age 65, nor completed 33
				years of service; or
b.
				All of his or her creditable service is in the Special Risk Class or in a
				combination of the Special Risk Class and the Special Risk Administrative
				Support Class, the State and County Officers and Employees' Retirement System
				High-Hazard service, the Highway Patrol Pension System, or service as provided
				in Rule  60S-2.0041, F.A.C., and:
(I) He or she has satisfied vesting
				requirements in paragraph (b) but:
(A) If
				initially enrolled in the FRS prior to July 1, 2011, has completed less than 25
				years of such creditable service and has not reached age 55; or
(B) If initially enrolled in the FRS on or
				after July 1, 2011, has completed less than 30 years of such creditable service
				and has not reached age 60; or
(II) He or she has creditable service that
				includes credit for military service, but:
(A) If initially enrolled in the FRS prior to
				July 1, 2011, has completed 25 years of such service, but has not reached age
				52; or
(B) If initially enrolled in
				the FRS on or after July 1, 2011, has completed 30 years of such service, but
				has not reached age 57.
3. Dual retirement ages with benefits payable
				in accordance with Rule
				 60S-4.006, F.A.C., when he or
				she has creditable service as a Regular Class, Elected Officers' Class or
				Senior Management Service Class member; and as a Special Risk Class member, or
				a Special Risk Class member with high-hazard or Highway Patrol
				service.