19356561, 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: 19356561

Notice of Development of Rulemaking

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ROLES AND RESPONSIBILITIES FOR THE PUBLIC EMPLOYEE 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

PURPOSE:

The rule amendments to Rule 19-13.001 serve to indicate that there no longer are just ten (10) target date funds that are available investment options to investment plan members. The total number of funds may continue to vary over time. Rule 19-13.002 is being amended to recognize that Chapter 2017-88, Laws of Florida, amended Section 121.591(4), Florida Statutes, to provide for special in line-of-duty death benefits for the spouse and child(ren) of any investment plan member, and not just special risk class members. Thus, the Division of Retirement will now administer in-line-of-duty death benefits for all members. The proposed rule amendments do not impose any burdens on businesses; do not restrict entry into a profession; do not have an impact on the availability of services to the public; do not have an impact on job retention; do not impose any restrictions on employment seekers; and do not impose any costs.  No legislative ratification is required.

SUBJECT:

To update and clarify information for the benefit of the public.

RULEMAKING AUTHORITY:

121.4501(8) FS.

LAW:

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

PRINT PUBLISH DATE:

8/30/2017 Vol. 43/169

RELATED STATUTES
AND LAWS:

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

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=19-13.001&PDate=8/30/2017&Section=1

REFERENCE MATERIALS:

No reference(s).

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