30051199, 19-11.001 - Florida Administrative Rules, Law, Code, Register

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Notice: 30051199

Notice of Proposed Rule

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
19-11.006	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 State Board of Administration of Florida proposes to amend Rule 19-11.001 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 19-11.006 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 the 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.

SUMMARY:

The rules are being amended to adopt updated forms and to clarify/correct certain information. There are no other rules incorporating this proposed amended rule. The proposed amendment does not have an impact on any other rules. Legislative ratification of the rule amendment is not required.

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:

10/3/2025 Vol. 51/193

COMMENTS:

From 10/3/2025 To 10/24/2025 (21 Days)

REFERENCE MATERIALS:

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.