25285298, 19-13.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 25285298

Notice of Development of Rulemaking

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

ROLES AND RESPONSIBILITIES FOR THE PUBLIC MPLOYEE OPTIONAL RETIREMENT PROGRAM

Overview

RULE:

19-13.002	Roles and Responsibilities of Division of Retirement within the Department of Management Services
19-13.004	Role and Responsibilities of Third Party Vendors

PURPOSE:

To make editorial revisions for clarification; to update the services provided by the Division of Management Services and Third Party Vendors

SUBJECT:

To indicate that the Division of Retirement will handle the collection and processing of employee retirement contributions and data, instead of payroll contributions and data; to indicate third party vendors will re-balance retirement date funds and multi-manager funds; to indicate that third party vendors also will provide a read-only website so that Investment Plan members can access check advices and print copies of their IRS Forms 1099-R; and to state that third party vendors will provide data breach response services.

RULEMAKING AUTHORITY:

121.4501(8), 215.52, FS

LAW:

112.3173, 121.091(5), 121.4501(4), (8), (9), (10) FS.

PRINT PUBLISH DATE:

11/19/2021 Vol. 47/225

RELATED STATUTES
AND LAWS:

121.4501(8), 215.52, FS, 112.3173, 121.091(5), 121.4501(4), (8), (9), (10) 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=19-13.002&PDate=11/19/2021&Section=1

REFERENCE MATERIALS:

No reference(s).

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