19-11.002 : Beneficiary Designations and Distributions for FRS Investment Plan - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services

Rule: 19-11.002 Prev Up Next

Rule Title: Beneficiary Designations and Distributions for FRS Investment Plan
Department:	STATE BOARD OF ADMINISTRATION	Add to MyFLRules Favorites
Division:	Departmental
Chapter:	PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM

Latest version of the final adopted rule presented in Florida Administrative Code (FAC):

	Effective Date:	4/22/2024
	History Notes:	Rulemaking Authority 121.4501(8) FS. Law Implemented 121.091(5)(j), (8), 121.4501(20), 121.591(3), 732.802 FS. History–New 10-21-04, Amended 3-9-06, 11-26-07, 12-8-08, 1-7-10, 8-7-11, 7-12-12, 12-16-12, 10-15-13, 1-28-14, 12-30-15, 2-9-17, 2-12-18, 4-8-20, 5-11-22, 7-26-23, 4-22-24.
	References in this version:	Ref-14006 FRS Investment Plan Online Beneficiary Designation- 03-20 Ref-16161 FRS Investment Plan Beneficiary Designation Form-IPBEN-1 Rev 07/2023 Ref-16548 FRS Investment Plan Acknowledgement of Beneficiary Designation- IPBENACK-1, Rev 07/2023

History of this Rule since Jan. 6, 2006

Section	Description	ID	Publish Date

Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	28234971	Effective: 04/22/2024
Proposed 19-11.001 ......	Rule 19-11.001 is being amended to update the definition of an exempt transaction to include rollovers of eligible funds; to update the age by which plan members must take Required Minimum Distributions once they terminate ....	28080741	2/21/2024 Vol. 50/36
Development 19-11.001 ......	To adopt updated forms; to clarify/correct certain information; to add a definition for “volunteer services.” There are no other rules incorporating these proposed amended rules. The proposed amendments do not have an impact ....	27785473	11/16/2023 Vol. 49/223
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	27311046	Effective: 07/26/2023
Proposed 19-11.001 ......	Rule 19-11.001 is being amended to add definitions for “default”/“default election” and “electronic signature.” Also, “member” is being revised to include a terminated DROP member who has effectuated a rollover. Rule 19-11.002 ....	27170687	6/5/2023 Vol. 49/108
Development 19-11.001 ......	To adopt updated forms; to clarify/correct certain information; to add definitions for “default”/“default election” and “electronic signature.” There are no other rules incorporating these proposed amended rules. The proposed ....	27053899	4/19/2023 Vol. 49/76
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	25802017	Effective: 05/11/2022
Change 19-11.002 ......	Beneficiary Designations and Distributions for FRS Investment Plan, Distributions from FRS Investment Plan Accounts	25659718	3/15/2022 Vol. 48/51
Proposed 19-11.001 ......	To amend Rule 19-11.001, F.A.C. to correct some typographical errors and to add definitions that are used for federal SECURE Act purposes as applied to after-death distributions of members’ FRS Investment Plan accounts, ....	25482208	1/21/2022 Vol. 48/14
Development 19-11.001 ......	To adopt updated forms; to clarify/correct certain information; to update definitions and provisions that are applicable to the federal SECURE Act as applied to after-death distributions to beneficiaries of FRS Investment ....	25284910	11/19/2021 Vol. 47/225
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	23072146	Effective: 04/08/2020
Proposed 19-11.002 ......	Rule 19-11.002, F.A.C. is being amended to reference the most recent versions of the EZ Retirement Plan Enrollment Form for Regular, Special Risk Class and Special Risk Administrative Support Class Employees, and the 2nd ....	22927228	2/14/2020 Vol. 46/31
Development 19-11.002 ......	Rule 19-11.002 is being amended to reference the most recent versions of the EZ Retirement Plan Enrollment Form for Regular, Special Risk Class and Special Risk Administrative Support Class Employees, and the 2nd Election ....	22636519	11/21/2019 Vol. 45/227
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	20005491	Effective: 02/12/2018
Correction 19-11.001 ......	Definitions, Beneficiary Designations and Distributions for FRS Investment Plan, Distributions from FRS Investment Plan Accounts, Excessive Trading in the FRS Investment Plan, Enrollment Procedures for ....	19763185	11/21/2017 Vol. 43/225
Proposed 19-11.001 ......	The rule amendments to Rule 19-11.001 serve to indicate that a “member” of the Investment Plan includes an individual who is deemed to be a renewed member pursuant to Section 121.122, Florida Statutes, which has been amended ....	19587615	10/27/2017 Vol. 43/209
Development 19-11.001 ......	The rule amendments to Rule 19-11.001 serve to indicate that a “member” of the Investment Plan includes an individual who is deemed to be a renewed member pursuant to Section 121.122, Florida Statutes, which has been amended ....	19356367	8/30/2017 Vol. 43/169
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	18529054	Effective: 02/09/2017
Proposed 19-11.002 ......	To set forth proposed amendments to Rule 19-11.002, F.A.C. which serve to adopt the latest version of the beneficiary designation form. Further, the rule is being amended to indicate that if a Special Risk Class Investment ....	18348440	12/8/2016 Vol. 42/237
Development 19-11.002 ......	To set forth proposed amendments to Rule 19-11.002 which serve to adopt the latest version of the beneficiary designation form. Further, the rule is being amended to indicate that if a Special Risk Class Investment Plan ....	18285293	11/21/2016 Vol. 42/226
Withdrawal 19-11.002 ......	Beneficiary Designations and Distributions for FRS Investment Plan, Benefits Payable for Investment Plan Member Disability and In-Line-Of-Duty Death Benefits	18276854	11/17/2016 Vol. 42/224
Proposed 19-11.002 ......	To set forth proposed amendments to Rule 19-11.002 which serve to adopt the latest version of the beneficiary designation form. Further, the rule is being amended to indicate that if a Special Risk Class Investment Plan ....	17828423	8/12/2016 Vol. 42/157
Development 19-11.002 ......	To set forth proposed amendments to Rule 19-11.002 which serve to adopt the latest version of the beneficiary designation form. Further, the rule is being amended to indicate that if a Special Risk Class Investment Plan ....	17702808	7/1/2016 Vol. 42/128
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	16890239	Effective: 12/30/2015
Proposed 19-11.001 ......	To amend Rule 19-11.001, F.A.C. to clarify some definitions. To amend Rule 19-11.002, F.A.C. to incorporate the latest version of the beneficiary designation form and to reference the latest versions of the enrollment forms; ....	16465573	9/11/2015 Vol. 41/177
Public Meeting 19-11.001 ......	The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend the .... September 1, 2015, 9:00 a.m. (ET) – conclusion of the meetin.... Treasury on the Plaza, 24 Cathedral Place St. Augustine, Flo....	16380989	8/26/2015 Vol. 41/166
Development 19-11.001 ......	To amend Rule 19-11.001 to clarify some definitions. To amend Rule 19-11.002 to incorporate the latest version of the beneficiary designation form and to reference the latest versions of the enrollment forms; to indicate ....	16308627	8/5/2015 Vol. 41/151
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	14056481	Effective: 01/28/2014
Proposed 19-11.002 ......	For Rules 19-11.002, 19-11.006 and 19-11.007, F.A.C., to adopt revised enrollment forms and second election enrollment forms that will provide additional disclosures concerning the funded status of the FRS Pension Plan, ....	13857728	11/26/2013 Vol. 39/230
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend the .... November 19, 2013, 9:00 a.m. (ET) – conclusion of the meeting .... Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, ....	13807676	11/12/2013 Vol. 39/220
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend the .... November 5, 2013, 9:00 a.m. (ET) – conclusion of the meeting Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, ....	13728233	10/28/2013 Vol. 39/210
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	13611930	Effective: 10/15/2013
Development 19-11.002 ......	For Rules 19-11.002, 19-11.006 and 19-11.007, to adopt revised enrollment forms and second election enrollment forms that will provide additional disclosures concerning the funded status of the FRS Pension Plan, the fact ....	13651118	10/9/2013 Vol. 39/197
Proposed 19-11.002 ......	To amend Rule 19-11.002, F.A.C., to indicate what happens when a beneficiary is “per Florida law” as described in Section 121.4501(2), Florida Statutes and that beneficiary fails to contact the FRS Investment Plan and/or ....	13400373	8/19/2013 Vol. 39/161
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend the .... August 6, 2013, 9:00 a.m. (ET) – conclusion of the meeting Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, ....	13299396	7/26/2013 Vol. 39/145
Development 19-11.002 ......	To amend Rule 19-11.002, F.A.C., to indicate what happens when a beneficiary is “per Florida law” as described in Section 121.4501(2), Florida Statutes and that beneficiary fails to contact the FRS Investment Plan and/or ....	13172520	6/28/2013 Vol. 39/126
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	12345401	Effective: 12/16/2012
Proposed 19-11.001 ......	To amend Rule 19-11.001, F.A.C., to provide that a “distributee” may include a non-spouse beneficiary; that an eligible retirement plan may include a Roth IRA or annuity; and that distributions consisting of after-tax employee ....	12189134	10/24/2012 Vol. 38/57
Public Meeting 19-11.001 ......	The Trustees of the State Board of Administration of Florida will consider proposed amendments to the following rules, and will be asked for .... October 23, 2012, 9:00 a.m. (ET) – conclusion of the meeting Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, ....	12148200	10/12/2012 Vol. 38/49
Development 19-11.001 ......	To amend Rule 19-11.001, F.A.C., to provide that a “distributee” may include a non-spouse beneficiary; that an eligible retirement plan may include a Roth IRA or annuity; and that distributions consisting of after-tax employee ....	12117451	10/5/2012 Vol. 38/44
Final 19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan	11679787	Effective: 07/12/2012
Proposed 19-11.001 ......	To amend Rule 19-11.001, F.A.C., to include all pertinent definitions contained in Rule Chapters 19-11, 19-12 and 19-13, F.A.C., and to update such information. To amend Rule 19-11.002, F.A.C., to set forth information on ....	11483653	5/11/2012 Vol. 38/19
Public Meeting 19-11.001 ......	The Trustees of the State Board of Administration of Florida will consider proposed amendments to the following rules and will be asked for .... April 24, 2012, 9:00 a.m. (ET) to conclusion of the meeting Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, ....	11367932	4/13/2012 Vol. 38/15
Development 19-11.001 ......	To amend Rule 19-11.001, F.A.C., to include all pertinent definitions contained in Rule Chapters 19-11, 19-12 and 19-13, F.A.C., and to update such information. To amend Rule 19-11.002, F.A.C., to set forth information on ....	11288295	3/23/2012 Vol. 38/12
Final 19-11.002	Beneficiary Designation for FRS Investment Plan	10260192	Effective: 08/07/2011
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration will consider proposed amendments to the following rules and will be asked for permission .... Thursday, June 16, 2011, 9:00 a.m. – until conclusion Cabinet Meeting Room, Lower Level, The Capitol, Monroe Street ....	9985682	6/3/2011 Vol. 37/22
Proposed 19-11.002 ......	To update certain procedures concerning members who utilize an incorrect beneficiary designation form; to provide that a beneficiary who unlawfully kills or procures the death of a member forfeits all rights to the member’s ....	9851434	4/22/2011 Vol. 37/16
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration, on April 5, 2011, will consider proposed amendments to the following rules and will be asked .... Tuesday, April 5, 2011, 9:00 a.m. – until conclusion Cabinet Meeting Room, Lower Level, The Capitol, Monroe Street ....	9768693	3/25/2011 Vol. 37/12
Development 19-11.002 ......	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 ....	9501458	12/23/2010 Vol. 36/51
Final 19-11.002	Beneficiary Designation for FRS Investment Plan	8108441	Effective: 01/07/2010
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration, on December 8, 2009, will consider proposed amended rules and will be asked for permission .... Tuesday, December 8, 2009, 9:00 a.m. – until conclusion Cabinet Meeting Room, Lower Level, The Capitol, Monroe Street ....	7968858	11/25/2009 Vol. 35/47
Proposed 19-11.002 ......	To adopt revised forms; to adopt one definition; to clarify certain procedures; and to reflect recent legislative changes pertaining to employment after retirement.	7825880	10/23/2009 Vol. 35/42
Public Meeting 19-11.002 ......	The Trustees of the State Board of Administration, on October 13, 2009, will consider proposed amended rules and will be asked for permission .... Tuesday, October 13, 2009, 9:00 a.m. – conclusion Cabinet Meeting Room, Lower Level, The Capitol, Monroe Street ....	7685521	10/2/2009 Vol. 35/39
Development 19-11.002 ......	To amend the beneficiary rule to provide the designation can be done electronically; to amend the distributions rule to add information pertaining to electronic distribution requests, required minimum distributions, distributions ....	7592013	9/4/2009 Vol. 35/35
Final 19-11.002	Beneficiary Designation for FRS Investment Plan	6494167	Effective: 12/08/2008
Change 19-11.002 ......	Beneficiary Designation for FRS Investment Plan, Second Election Enrollment Procedures for the FRS Retirement Programs	6317821	10/24/2008 Vol. 34/43
Public Hearing 19-11.002 ......	The Trustees of the State Board of Administration, on October 14, 2008, will consider proposed amended rules and will be asked for permission .... Tuesday, October 14, 2008, 9:00 AM until conclusion Cabinet Meeting Room, Lower Level, The Capitol, Apalachee Parkway ....	6109174	9/12/2008 Vol. 34/37
Proposed 19-11.002 ......	To amend existing rules to add new policies, to change policies, and to address new legislation.	5960958	8/8/2008 Vol. 34/32
Public Hearing 19-11.002 ......	The Trustees of the State Board of Administration, on July 29, 2008, will consider proposed amended rules and will be asked for permission to .... Tuesday, July 29, 2008; 9:00 AM to conclusion Cabinet meeting room, Lower Level, The Capitol, Monroe Street ....	5860951	7/18/2008 Vol. 34/29
Development 19-11.002 ......	To amend existing rules to provide updated procedures for the FRS Investment Plan.	5785000	6/27/2008 Vol. 34/26
Final 19-11.002	Beneficiary Designation for FRS Investment Plan	4900554	Effective: 11/26/2007
Change 19-11.002 ......	Beneficiary Designation for FRS Investment Plan, Distributions from FRS Investment Plan Accounts and Reemployment with an FRS-covered Employer, FRS Investment Plan Complaint Procedures, Forfeitures, Reemployment ....	4711307	10/12/2007 Vol. 33/41
Public Meeting 19-11.002 ......	The Trustees will consider proposed new and amended rules and will be asked for permission to file them for adoption. Rule 19-11.002, beneficiary .... 9AM until conclusion, Tuesday, October 2, 2007 Cabinet Meeting Room, Lower Level, The Capitol, Apalachee Parkway ....	4587535	9/14/2007 Vol. 33/37
Proposed 19-11.002 ......	These rules are promulgated to implement recently adopted policies and to reflect legislative changes.in the FRS Investment Plan.	4482193	8/10/2007 Vol. 33/32
Public Hearing 19-11.002 ......	The Trustees of the State Board of Administration, on July 31, 2007, will consider proposed new and amended rules and will be asked for permission .... Tuesday, July 31, 2007, 9:00 a.m. – Until conclusion Cabinet Meeting Room, Lower Level, The Capitol, Monroe Street ....	4406242	7/20/2007 Vol. 33/29
Development 19-11.002 ......	To adopt new rules and amend existing rules for the FRS Investment Plan to reflect recent legislative and policy changes.	4292849	6/22/2007 Vol. 33/25
Final 19-11.002	Beneficiary Designation for FRS Investment Plan	1394295	Effective: 03/09/2006

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.