14641294, 19-11.001 - Florida Administrative Rules, Law, Code, Register

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Notice: 14641294

Notice of Meeting/Workshop Hearing

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM

Overview

RULE:

19-11.001	Definitions
19-11.004	Excessive Trading in the FRS Investment Plan
19-11.006	Enrollment Procedures for New Hires
19-11.007	Second Election Enrollment Procedures for the Florida Retirement System Retirement Programs
19-11.008	Forfeitures
19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan

The State Board of Administration announces a public meeting to which all persons are invited.

DATE AND TIME:

PLACE:

Subject:

The Trustees of the State Board of Administration of Florida will consider proposed amendments to the following rules and will be asked for permission to file a Notice of Proposed Rulemaking for these rules, and to file these rules for adoption if no member of the public timely requests a rule hearing: Rule 19-11.001 is being amended to add a definition of “Retirement Date Fund,” and make a technical correction. Rule 19-11.004 is being amended to indicate that members having a Self-Directed Brokerage Account (“SDBA”) are not subject to the excessive trading policy discussed in the rule with respect to that account, but rather are subject to the applicable rules and restrictions of the funds contained within the SDBA. Rule 19-11.006 is being amended to adopt the latest versions of the enrollment forms, and to indicate that the default investment fund is an age appropriate retirement date fund. Rule 19-11.007 is being amended to adopt the updated Second Election forms. Rule 19-11.008 is being amended to indicate that un-vested account benefits placed in a suspense account will be invested in the Pyramis Intermediate Duration Pool Fund. Rule 19-11.012 is being amended to adopt the latest versions of the rollover forms.

A copy of the agenda may be obtained by contacting: Diane Bruce, State Board of Administration, 1801 Hermitage Blvd., Suite 100, Tallahassee, Florida 32308, (850)413-1253.

PRINT PUBLISH DATE:

6/3/2014 Vol. 40/107

REFERENCE MATERIALS:

No reference(s).

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