Florida Regulations 19-13.003: Role and Responsibilities of State, School District, and Local Employers Participating in the Florida Retirement System
Current as of: 2024 | Check for updates
|
Other versions
All state, school district, and local employers (employers) who participate in the Florida Retirement System (FRS) have the following duties and responsibilities:
Remitting all the employer and employee contributions required by Parts II and III of Florida Statutes Chapter 121 These include the contributions for the benefit of members in the Investment Plan, in accordance with Section 121.4501(5) and with Part III of Florida Statutes Chapter 121, and also include the contributions for administrative and educational expenses, disability benefits, survivor benefits, the health insurance subsidy, and social security. Under no circumstances shall employers be deemed to be agents of the SBA, the FRS, or both.
Rulemaking Authority Florida Statutes § 121.4501(8). Law Implemented 121.4501(5), (10)(h), 121.71, 121.72, 121.73, 121.74, 121.76, 121.77, 121.78 FS. History-New 10-21-04, Amended 7-12-12, 12-16-12, 1-18-17.
Remitting all the employer and employee contributions required by Parts II and III of Florida Statutes Chapter 121 These include the contributions for the benefit of members in the Investment Plan, in accordance with Section 121.4501(5) and with Part III of Florida Statutes Chapter 121, and also include the contributions for administrative and educational expenses, disability benefits, survivor benefits, the health insurance subsidy, and social security. Under no circumstances shall employers be deemed to be agents of the SBA, the FRS, or both.
Rulemaking Authority Florida Statutes § 121.4501(8). Law Implemented 121.4501(5), (10)(h), 121.71, 121.72, 121.73, 121.74, 121.76, 121.77, 121.78 FS. History-New 10-21-04, Amended 7-12-12, 12-16-12, 1-18-17.