Florida Administrative Code › 60 - DEPARTMENT OF MANAGEMENT SERVICES › 60S - Division of Retirement › Chapter 60S-7 - ACTUARIAL FACTORS › Section 60S-7.010 - Actuarial Factors for Calculating Disability Benefits Provided by Options 2, 3 and 4

Current through Reg. 50, No. 138; July 16, 2024
(1) In the event that
				actuarial factors are required for certain ages for which there are no
				actuarial factors provided in this rule, the Administrator shall make available
				the appropriate factors.
(2) The
				actuarial factors used to determine the disability benefits as provided in
				Section  121.091(4),
				F.S., that are payable to a member who retires with an effective date of August
				1, 1983, through December 1, 2015, and who elects to receive benefits as
				provided by Option 2 in paragraph
				 60S-4.010(1)(b),
				F.A.C., Option 3 in paragraph
				 60S-4.010(1)(c),
				F.A.C., or Option 4 in paragraph
				 60S-4.010(1)(d),
				F.A.C., effective January 2016, available at
http://www.flrules.org/Gateway/reference.asp?No=Ref-06289
,
				are incorporated by reference and may be obtained by contacting the Division of
				Retirement by mail P.O. Box 9000, Tallahassee, Florida 32315-9000; or in person
				at 1317 Winewood Boulevard, Building 8, Tallahassee, Florida 32399-1560; or by
				e-mail at retirement@dms.myflorida.com; or by telephone toll-free at
				(844)377-1888 or locally at (850)907-6500. For the purpose of selecting the
				appropriate actuarial factor, the age of the member and the joint annuitant
				shall be determined as described in subsection (4).
(3) The actuarial factors used to determine
				the disability benefits as provided in Section
				 121.091(4),
				F.S., that are payable to a member who retires with an effective date of
				January 1, 2016, or later, and who elects to receive benefits as provided by
				Option 2 in paragraph
				 60S-4.010(1)(b),
				F.A.C., Option 3 in paragraph
				 60S-4.010(1)(c),
				F.A.C., or Option 4 in paragraph
				 60S-4.010(1)(d),
				F.A.C., effective January 2017, available at
http://www.flrules.org/Gateway/reference.asp?No=Ref-07878
,
				are incorporated by reference and may be obtained by contacting the Division of
				Retirement by mail at P.O. Box 9000, Tallahassee, or in person at 1317 Winewood
				Boulevard, Building 8, Tallahassee, Florida 32399-1560; or by email at
				retirement@dms.myflorida.com; or by telephone toll-free at (844)377-1888 or
				locally at (850)907-6500. For the purpose of selecting the appropriate
				actuarial factor, the age of the member and the joint annuitant shall be
				determined as described in subsection (4).
(4) If the effective date of retirement
				occurs fewer than 7 months after the birth month, the actuarial factor selected
				shall be the factor for the age as of the last birthday. If the effective date
				of retirement occurs 7 or more months after the birth month, the actuarial
				factor selected shall be the factor for the age as of the next
				birthday.
Rulemaking Authority
					 121.031 FS. Law Implemented
					 121.091(6)
					 FS.
New 10-18-83, Formerly 22B-7.10, Amended 11-14-91, Formerly
					 22B-7.010, Amended 8-13-03, 1-20-16,
					 3-2-17.