29633129, 19-11.001 - Florida Administrative Rules, Law, Code, Register

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Notice: 29633129

Notice of Development of Rulemaking

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM

Overview

RULE:

19-11.001	Definitions
19-11.002	Beneficiary Designations and Distributions for FRS Investment Plan
19-11.003	Distributions from FRS Investment Plan Accounts
19-11.005	Florida Retirement System (FRS) State Board of Administration Complaint Procedures
19-11.006	Enrollment Procedures for New Hires
19-11.007	Second Election Enrollment Procedures for the Florida Retirement System Retirement Programs
19-11.008	Forfeitures
19-11.009	Reemployment with a Florida Retirement System (FRS) Employer after Retirement
19-11.011	Employer and Employee Contributions and ABO or Present Value Transfer Procedures
19-11.012	Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan

PURPOSE:

The purpose of these amendments is to adopt updated forms and to clarify/correct certain information. 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 19-11.001 is being amended to update the definition of “default” or “default election,” and to change the age when “required minimum distributions” must be made in accordance with the Internal Revenue Code. Rule 19-11.002 is being amended to fix typographical errors. Rule 19-11.003 is being amended to adopt the most recent version of the Employment Termination Form. Rule 19-11.005 is being amended to adopt the most recent version of the Florida Retirement System Investment Plan Request for Intervention form and to make some editorial revisions. Rule 19-11.006 is being amended to clarify an employee’s plan enrollment choice period deadline. Rule 19-11.006 is also being amended to adopt the most recent versions of the following forms: General Retirement Plan Enrollment Form; Elected Officers’ Class Retirement Plan Form; State Community College System Optional Retirement Program (SCCSORP) Enrollment Form; and Senior Management Service Class Retirement Plan Enrollment Form. Rule 19-11.007 is being amended to adopt the updated version of the 2nd Election Retirement Plan Enrollment Form and the State Community College Optional Retirement Program (SCCSORP) Retirement Plan Conversion Form and to make some editorial revisions. Rule 19-11.008 is being amended to change the investment of the FRS suspense account to the FRS Diversified Income Fund and to make some editorial changes. Additionally, Rule 19-11.008 is being amended to explain that when a member returns to FRS-covered employment after retiring by taking a distribution from the investment plan, any forfeited service credit will not be restored, and the member would begin earning service credit for a new retirement. Rule 19-11.009 is being amended to clarify that beginning July 1, 2024, a retiree may return to work in any position with an FRS employer after being retired for six (6) calendar months and continue to take distributions from prior career benefits and salary from that employer. Rule 19-11.009 is also being amended to adopt the most recent version of the FRS Employment Certification Form and to make editorial changes. Rule 19-11.011 is being amended to make editorial changes. Rule 19-11.012 is being amended to change the age when required minimum distributions must be made and to adopt the most recent versions of the following forms: Employee Rollover Deposit Form and Request to Transfer Funds to the FRS Investment Plan; FRS Investment Plan DROP Accumulation Direct Rollover Form for Current DROP Members; and DROP Direct Rollover Form for Former DROP Members.

RULEMAKING AUTHORITY:

121.78(3)(c), 121.4501(3)(c)4., 121.4501(8) FS.

LAW:

112.3173, 119.07(4)(d), 120.569, 120.57, 120.573, 121.021(29), (39), 121.051, 121.055, 121.35, 121.091(5)(j), (8), (9)(b), (c), 121.4501, 121.4501(2), (2)(j), (3), (4), (4)(g)5., (5), (5)(e), (6), (8), (8)(g), (13), (15), (15)(b), (20), (21), 121.591, 121.591(1)(a)4., (3), 121.71, 121.72, 121.73, 121.74, 121.77, 121.78, 732.802, 1012.875(3) FS.

PRINT PUBLISH DATE:

6/4/2025 Vol. 51/108

RELATED STATUTES
AND LAWS:

121.78(3)(c), 121.4501(3)(c)4., 121.4501(8) FS., 112.3173, 119.07(4)(d), 120.569, 120.57, 120.573, 121.021(29), (39), 121.051, 121.055, 121.35, 121.091(5)(j), (8), (9)(b), (c), 121.4501, 121.4501(2), (2)(j), (3), (4), (4)(g)5., (5), (5)(e), (6), (8), (8)(g), (13), (15), (15)(b), (20), (21), 121.591, 121.591(1)(a)4., (3), 121.71, 121.72, 121.73, 121.74, 121.77, 121.78, 732.802, 1012.875(3) 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=19-11.001&PDate=6/4/2025&Section=1

REFERENCE MATERIALS:

No reference(s).

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