Florida Regulations > Chapter 60S-11 – Deferred Retirement Option Program
Current as of: 2024 | Check for updates
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Other versions
| R. 60S-11.001 | Definitions |
| R. 60S-11.002 | Participation |
| R. 60S-11.004 | Benefits |
Terms Used In Florida Regulations > Chapter 60S-11 - Deferred Retirement Option 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.
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- 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.