11476572, 19-13.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 11476572

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ROLES AND RESPONSIBILITIES FOR THE PUBLIC MPLOYEE OPTIONAL RETIREMENT PROGRAM

Overview

RULE:

19-13.001	Roles and Responsibilities of the State Board of Administration of Florida
19-13.002	Roles and Responsibilities of Division of Retirement within the Department of Management Services
19-13.003	Role and Responsibilities of State, School District, and Local Employers Participating in the Florida Retirement System
19-13.004	Role and Responsibilities of Third Party Vendors

PURPOSE:

Amendments are being made to  update the name of the Florida Retirement System (“FRS”) defined contribution plan from the “Public Employee Optional Retirement Program” to the “Florida Retirement System Investment Plan” in accordance with the statutory change to Section 121.4501, Florida Statutes;  to indicate that the administration of qualified domestic relations orders for the FRS Investment Plan no longer is handled by the Division of Retirement, but instead, as indicated in proposed amendments to Rule 19-14.004, by the FRS Investment Plan Administrator;  to delete information regarding contributions which will be set forth in amendments to Rule Chapter 19-11; and to delete unnecessary language.

SUMMARY:

To update information regarding the roles and responsibilities of the various entities providing services to the Florida Retirement System Investment Plan. There are no other rules incorporating these proposed rules.

RULEMAKING AUTHORITY:

121.4501(8), FS

LAW:

112.3173, 121.091(5), 121.4501(4), (5), (8), (9), (10), (14), (15), (19), 121.71, 121.72, 121.73, 121.74, 121.76, 121.77, 121.78, FS.

PRINT PUBLISH DATE:

5/11/2012 Vol. 38/19

COMMENTS:

From 5/11/2012 To 6/1/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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