Retirement Plans (Policy 2.215)

Policy

1. Eligible College employees, who have not previously received a retirement distribution from the Florida Retirement System (FRS) or from the Community College Optional Retirement Program (CCORP) shall be enrolled in a retirement plan based on their position classification and their full-time or part-time status. Plan options are shown below. 

   Position Classification	Full-Time Regular	Full-Time Temporary < 6 months	Part-Time < 2080 hours cumulative	Part-Time > 2080 hours cumulative	Plan Options
   Career Service and Professional	X			X	FRS Investment Plan FRS Pension Plan
   	X	X		None
   Administrative Pay Grade A1	X				FRS Investment Plan FRS Pension Plan CCORP
   		X	X		None
   Administrative Pay Grades A2+	X				Senior Management Service Class Plan
   		X	X		None
   Faculty	X	X			FRS Investment Plan FRS Pension Plan CCORP
   Adjunct Faculty			X	X	Alternative to Social Security Plan

2. Retirement benefits shall be paid in accordance with provisions of the retirement plan selected by the employee.
3. As provided in F. S. 121.055, qualified positions may be designated for inclusion in the Senior Management Service Class (SMSC) of the Florida Retirement System. Per Florida Statute 121.055, the President or designee may recommend the inclusion of positions in the Senior Management Service Class. The College designates positions classified as A2 and greater, as Senior Management Service Class.
4. The President shall cause procedures to be developed to implement this policy.

 

Note:  Any other College rule(s) which reference(s) the rule noticed herein shall be interpreted and enforced consistent with the new / revised rule upon its final adoption (unless otherwise indicated in the referencing rule(s)).