Florida Administrative Code
60 - DEPARTMENT OF MANAGEMENT SERVICES
60V - Senior Management Service Optional Annuity Program
Chapter 60V-1 - PARTICIPATION
Section 60V-1.002 - Statements of Policy

Universal Citation: FL Admin Code R 60V-1.002

Current through Reg. 50, No. 187; September 24, 2024

(1) Participation in the Optional Annuity Program shall not give any participant the right to be retained in the employ of an employer.

(2) Any employee who is eligible for and elects to participate in the Optional Annuity Program shall cease to participate as a member of the Florida Retirement System or any other state-administered retirement system on the date preceding the effective date of participation in the Optional Annuity Program, and service performed while a participant in the Optional Annuity Program shall not be creditable service under any other such system.

Specific Authority 121.031(1) FS. Law Implemented 121.055 FS.

New 7-22-87, Amended 11-14-91, Formerly 22V-1.002.

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