16428422, 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: 16428422

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
19-13.004	Role and Responsibilities of Third Party Vendors

PURPOSE:

Rule 19-13.001 is being amended to make some editorial revisions and to indicate that ten Target Date Funds have now replaced the three balanced fund options. Rule 19-13.004 is being amended to state that the Investment Plan Administrator is responsible for providing a Self-Directed Brokerage Account, and an education provider also provides financial planning.

SUMMARY:

To update certain information regarding the duties and responsibilities of the State Board of Administration and its third party vendors concerning the FRS Investment Plan. There are no other rules incorporating either of these amended rules. The proposed amendments do not have an impact on any other rules.

RULEMAKING AUTHORITY:

121.4501(8) FS.

LAW:

121.4501(4), (8) (9), (10), (14), (15), (19) FS.

PRINT PUBLISH DATE:

9/11/2015 Vol. 41/177

COMMENTS:

From 9/11/2015 To 10/2/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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