- (1) Employee contributions shall be deposited into the retirement system or plan not less frequently than monthly.
- (2) Employer contributions shall be deposited into the retirement system or plan not less frequently than quarterly.
- (3) Any payment for retroactive contribution rate increases shall be deposited into the retirement system or plan on or before the date such payment is due.
- (4) Any revenues received from any source by an employer for allocation to a retirement system or plan shall be deposited into such system or plan not later than 30 days from receipt by the employer.
- (5) Administrative expenses, annual funding costs, and contribution rate increases shall be funded in accordance with subsections 60T-1.003(8) through (10) and 60T-1.004(4), F.A.C.
Rulemaking Authority 112.665(1) FS. Law Implemented 112.61, 112.64 FS. History–New 11-14-91, Formerly 22D-1.007.