Florida Regulations 60P-3.014: Retirees
Current as of: 2024 | Check for updates
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(1) An employee who retires and is covered under the Life Plan must elect one of the following options:
(a) Submit a request to continue coverage during retirement. The request should include the retiree’s name, social security number, date of retirement, date of last payroll deduction, signature of retiree, and date of agreement that the amount of life insurance shall be $1,500 and the AD&D benefits shall not exceed $1,500. However, the benefit for employees who cease active employment due to total disability would be based on the annual salary at the time of disability, subject to the age change factor. Such request and a personal check or money order for one full month’s premium must be received by the employee’s former agency and forwarded along with the original application and any beneficiary change requests to the Department no later than thirty-one (31) calendar days after the employee’s last day of employment; or
(b) Submit a request to terminate coverage under the Life Plan. Such request shall include an acknowledgement that the retiree may not reenroll at a later date. The request shall be submitted to the employee’s former agency and forwarded to the Department no later than thirty-one (31) calendar days after the employee’s last day of employment. If the employee does not submit the request within thirty-one (31) calendar days after the last day of employment, the agency shall immediately prepare a request to terminate coverage and send it to the Department. Copies shall be put in the employee’s personnel file and given to the employee.
(2)(a) An employee who applies for disability retirement and who has not received approval thereof prior to his or her last day of employment, but was covered under the Life Plan, as of the last day of employment, shall have the following options:
(b) The employee may continue coverage in the Life Plan pending such approval or rejection by submitting a request to continue coverage in accordance with Fl. Admin. Code R. 60P-3.014(1)(a), and paying the full premium for each month of coverage by personal check or money order to his or her former personnel office and in accordance with Fl. Admin. Code R. 60P-3.009
Specific Authority 110.123(5) FS. Law Implemented Florida Statutes § 110.123. History-New 8-12-80, Formerly 22K-1.53, 22K-1.053, 22K-1.311, Amended 8-26-96, Repromulgatd 1-31-02.
Terms Used In Florida Regulations 60P-3.014
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(b) Submit a request to terminate coverage under the Life Plan. Such request shall include an acknowledgement that the retiree may not reenroll at a later date. The request shall be submitted to the employee’s former agency and forwarded to the Department no later than thirty-one (31) calendar days after the employee’s last day of employment. If the employee does not submit the request within thirty-one (31) calendar days after the last day of employment, the agency shall immediately prepare a request to terminate coverage and send it to the Department. Copies shall be put in the employee’s personnel file and given to the employee.
(2)(a) An employee who applies for disability retirement and who has not received approval thereof prior to his or her last day of employment, but was covered under the Life Plan, as of the last day of employment, shall have the following options:
(b) The employee may continue coverage in the Life Plan pending such approval or rejection by submitting a request to continue coverage in accordance with Fl. Admin. Code R. 60P-3.014(1)(a), and paying the full premium for each month of coverage by personal check or money order to his or her former personnel office and in accordance with Fl. Admin. Code R. 60P-3.009
Specific Authority 110.123(5) FS. Law Implemented Florida Statutes § 110.123. History-New 8-12-80, Formerly 22K-1.53, 22K-1.053, 22K-1.311, Amended 8-26-96, Repromulgatd 1-31-02.