9501458, 19-11.002 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 9501458

Notice of Development of Rulemaking

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM

Overview

RULE:

19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan
19-11.003	Distributions from FRS Investment Plan Accounts
19-11.009	Reemployment with a Florida Retirement System (FRS) Employer after Retirement

PURPOSE:

To amend the beneficiary and distributions rules to provide that a beneficiary who unlawfully and intentionally kills or procures the death of a member forfeits all rights to the members benefits; to amend the beneficiary rule to add information regarding members who inadvertently use an incorrect beneficiary designation form or fail to obtain their spouses acknowledgement that a beneficiary, other than the spouse has been named; to amend the beneficiary rule indicating when an account will be established for a beneficiary; to amend the distributions rule to add information pertaining to requests by members seeking documentation of a disbursement made prior to August 30, 2007; to update the reemployment rule to reflect legislative changes and to adopt the certification form for employers.

SUBJECT:

Updated information and procedures pertaining to naming beneficiaries and to seeking documentation of disbursements made prior to a certain date; to update information applicable to employees who are rehired after retirement; to adopt a form.

RULEMAKING AUTHORITY:

121.4501(3)(c)4., (8)(a) FS.

LAW:

121.021, 121.091, 121.4501(2), (8), (13), (14), (15), (20), 121.591, 121.77 FS.

PRINT PUBLISH DATE:

12/23/2010 Vol. 36/51

RELATED STATUTES
AND LAWS:

121.4501(3)(c)4., (8)(a) FS., 121.021, 121.091, 121.4501(2), (8), (13), (14), (15), (20), 121.591, 121.77 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=19-11.002&PDate=12/23/2010&Section=1

REFERENCE MATERIALS:

No reference(s).

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