Section 60V-5.001 - DefinitionsWhenever used in these rules, unless otherwise expressly stated, or unless the context or subject matter requires a different meaning, the following words and terms shall have the meaning indicated:
(1) Annuity Contract - means the written agreement between the employee and a provider company.(2) Benefit - means any lump sum payment or annuity payment from a provider company to a participant, beneficiary or estate.(3) Division - means the Division of Retirement.(4) Participant - means any eligible member who has elected to be covered by the Senior Management Service Optional Annuity Program.(5) Plan Year - means the period of time beginning July 1 and ending on the following June 30, both dates inclusive.(6) Provider Company - means one of the companies designated by and under contract with the Division to offer annuity products to participants in the Optional Annuity Program.Fla. Admin. Code Ann. R. 60V-5.001
Specific Authority 121.031(1) FS. Law Implemented 121.055 FS.
New 7-22-87, Amended 5-15-91, 11-14-91, Formerly 22V-5.001.New 7-22-87, Amended 5-15-91, 11-14-91, Formerly 22V-5.001.