28351565, 19-9.001 - Florida Administrative Rules, Law, Code, Register

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Notice: 28351565

Notice of Development of Rulemaking

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM: INVESTMENT POLICY STATEMENT

Overview

RULE:

19-9.001

Investment Policy Statement

PURPOSE:

To adopt the latest version of the Florida Retirement System Investment Plan Investment Policy Statement, as approved by the Trustees of the State Board of Administration on March 26, 2024.  There are no other rules incorporating these proposed amended rules. The proposed amendments do not have an impact on any other rules. Legislative ratification of the rule amendments is not required.

SUBJECT:

Rule 19-9.001 is being amended to adopt and incorporate the most recent version of the Investment Policy Statement for the Florida Retirement System Investment Plan. This Investment Policy Statement was approved by the Trustees of the State Board of Administration on March 26, 2024.  The Investment Policy Statement was amended to reflect the fact that the State Board of Administration now is authorized to develop one or more investment products for the FRS Investment Plan. Further, the list of investment alternatives that may not be offered through the self-directed brokerage account has been expanded.

RULEMAKING AUTHORITY:

121.4501(8), 215.52 FS.

LAW:

121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) FS

PRINT PUBLISH DATE:

5/13/2024 Vol. 50/94

RELATED STATUTES
AND LAWS:

121.4501(8), 215.52 FS., 121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) 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=19-9.001&PDate=5/13/2024&Section=1

REFERENCE MATERIALS:

Ref-13933 FRS Investment Plan Investment Policy Statement- Approved May 4, 2021
Ref-16578 Florida Retirement System Investment Plan Investment Policy Statement March 26, 2024

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