Florida Statutes 121.5911 – Disability retirement program; qualified status; rulemaking authority
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 121.5911
- Department: means the Department of Management Services. See Florida Statutes 121.021
- investment plan: means the defined contribution program established under this part. See Florida Statutes 121.4501
- system: means the general retirement system established by this chapter, including, but not limited to, the defined benefit program administered under this part, referred to as the "Florida Retirement System Pension Plan" or "pension plan" and the defined contribution program administered under part II of this chapter, referred to as the "Florida Retirement System Investment Plan" or "investment plan. See Florida Statutes 121.021
It is the intent of the Legislature that the disability retirement program for members of the Florida Retirement System Investment Plan meet all applicable requirements of federal law for a qualified plan. The department shall seek a private letter ruling from the Internal Revenue Service on the disability retirement program.