R. 19-13.001 Roles and Responsibilities of the State Board of Administration of Florida
R. 19-13.002 Roles and Responsibilities of Division of Retirement within the Department of Management Services
R. 19-13.003 Role and Responsibilities of State, School District, and Local Employers Participating in the Florida Retirement System
R. 19-13.004 Role and Responsibilities of Third Party Vendors
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Terms Used In Florida Regulations > Chapter 19-13 - Roles and Responsibilities for the Public Mployee Optional Retirement Program

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiduciary: A trustee, executor, or administrator.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.