Current through Reg. 50, No. 187; September 24, 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.
(2) A
member who becomes totally and permanently disabled may be eligible for a
disability retirement benefit in accordance with Rule
60S-4.007, F.A.C.
(3) Any member who meets the eligibility
requirements under subsection
60S-4.003(1),
F.A.C., and who is a participant in the State University System Optional
Retirement Program, the Community College Optional Retirement Program or the
Senior Management Service Optional Annuity Program shall not be eligible to
receive a Florida Retirement System retirement benefit until he or she
terminates the employment which qualifies him or her for participation in the
State University System Optional Retirement Program, the Community College
Optional Retirement Program or the Senior Management Service Optional Annuity
Program.
(4) A member of the State
and County Officers' and Employees' Retirement System shall be eligible to
receive a retirement benefit in accordance with Chapter 122 of the
F.S.
(5) A member of the Teachers'
Retirement System shall be eligible to receive a retirement benefit in
accordance with Chapter 238 of the Florida Statutes.
Rulemaking Authority
121.031,
121.052(14) FS.
Law Implemented 121.021,
121.052(2),
(3),
121.055
FS.
New 1-1-72, Amended 10-20-72, Repromulgated 12-31-74,
Amended 7-1-79, 9-9-82, 2-6-84, Formerly 22B-4.03, Amended 2-4-86, 1-12-87,
9-5-90, 11-14-91, Formerly 22B-4.003, Amended 3-18-93, 1-25-94, 8-13-03,
4-5-12, 3-25-13.
