19-11.012 : Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan - Florida Administrative Rules, Law, Code, Register

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Rule: 19-11.012 Prev Up Next

Rule Title: Rollovers or Plan to Plan Transfers to or from the 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), (5)(e) FS. Law Implemented 121.4501(4)(g)5., (5)(e), (21), 121.591 FS. History–New 7-12-12, Amended 12-16-12, 10-15-13, 1-28-14, 8-18-14, 12-30-15, 4-12-17, 2-12-18, 2-19-19, 4-8-20, 5-11-22, 7-26-23, 4-22-24.
	References in this version:	Ref-01184 FRS Pension Plan (401(a) Plan) Pretax Direct Rollover Form Ref-16169 Employee Rollover Deposit Instructions and Form- IPRO-1 Rev 07/2023 Ref-16170 FRS Investment Plan DROP Accumulation Direct Rollover Form for Current DROP Members- IP-DROP-AD-1 Rev 7/2023 Ref-16171 FRS Investment Plan DROP Direct Rollover Form for Former DROP Members- IP-DROP-RO-1 Rev 07/2023

History of this Rule since Jan. 6, 2006

Section	Description	ID	Publish Date

Final 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	28235650	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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	27311628	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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	25802890	Effective: 05/11/2022
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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	23072534	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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	21472907	Effective: 02/19/2019
Proposed 19-11.001 ......	Florida Retirement System (FRS) eligible employees may submit their initial election and second plan election by electronic means. Rule 19-11.001 is being amended to provide a definition of “electronic signature,” and to ....	21280653	12/20/2018 Vol. 44/246
Development 19-11.001 ......	Florida Retirement System (FRS) eligible employees may submit their initial election and second plan election by electronic means. Rule 19-11.001 is being amended to provide a definition of “electronic signature,” and to ....	21135832	11/8/2018 Vol. 44/219
Final 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	20006170	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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	18789208	Effective: 04/12/2017
Change 19-11.001 ......	Definitions, Enrollment Procedures for New Hires, Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	18578912	2/9/2017 Vol. 43/27
Proposed 19-11.001 ......	To amend Rule 19-11.001, F.A.C. to add new definitions for “death in the line of duty” and “special risk member;” to clarify other definitions; and to correct some typographical errors. To amend Rule 19-11.003, F.A.C. to ....	18299067	11/23/2016 Vol. 42/228
Development 19-11.001 ......	To amend Rule 19-11.001, F.A.C. to add new definitions for “death in the line of duty” and “special risk member; to clarify other definitions; and to correct some typographical errors. To amend Rule 19-11.003, F.A.C. to ....	18110984	10/6/2016 Vol. 42/195
Final 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	16891015	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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	14904552	Effective: 08/18/2014
Proposed 19-11.001 ......	To amend Rule 19-11.001, F.A.C., to add a definition of “Retirement Date Fund,” and make a technical correction. To amend Rule 19-11.004, F.A.C., to indicate that members having a Self-Directed Brokerage Account (“SDBA”) ....	14751874	6/26/2014 Vol. 40/124
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 .... June 17, 2014, 9:00 a.m. (ET) – conclusion of the meeting. Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, ....	14641294	6/3/2014 Vol. 40/107
Development 19-11.001 ......	To amend Rule 19-11.001, F.A.C., to add a definition of “Retirement Date Fund, ” and make a technical correction. To amend Rule 19-11.004, F.A.C., to indicate that members having a Self-Directed Brokerage Account (“SDBA”) ....	14600069	5/21/2014 Vol. 40/99
Final 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	14056772	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 19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan	13612027	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 19-11.012	Acceptance of Rollovers by the FRS Investment Plan	12345983	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 19-11.012	Acceptance of Rollovers by the FRS Investment Plan	11680757	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

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