Published on: 19588003. The rule amendments to Rule 19-13.001 serve to indicate that there no longer are just ten (10) target date funds that are available investment options to investment plan members. The total number of funds may continue to vary over time. Rule 19-13.002 is being amended to recognize that Chapter 2017-88, Laws of Florida, amended Section 121.591(4), Florida Statutes, to provide for special in line-of-duty death benefits for the spouse and child(ren) of any investment plan member, and not just special risk class members. Thus, the Division of Retirement will now administer in-line-of-duty death benefits for all members.
Published on: 19356561. The rule amendments to Rule 19-13.001 serve to indicate that there no longer are just ten (10) target date funds that are available investment options to investment plan members. The total number of funds may continue to vary over time. Rule 19-13.002 is being amended to recognize that Chapter 2017-88, Laws of Florida, amended Section 121.591(4), Florida Statutes, to provide for special in line-of-duty death benefits for the spouse and child(ren) of any investment plan member, and not just special risk class members. Thus, the Division of Retirement will now administer in-line-of-duty death benefits for all members. The proposed rule amendments do not impose any burdens on businesses; do not restrict entry into a profession; do not have an impact on the availability of services to the public; do not have an impact on job retention; do not impose any restrictions on employment seekers; and do not impose any costs. No legislative ratification is required.
Published on: 18299164. To update certain information regarding the duties and responsibilities of the State Board of Administration ("SBA"), the Division of Retirement ("Division"), participating employers and the SBA's third party vendors concerning the FRS Investment Plan. Special mention is made of the fact that the Division will administer in-line of duty death benefits for Investment Plan members.
Published on: 18112051. To update certain information regarding the duties and responsibilities of the State Board of Administration ("SBA"), the Division of Retirement ("Division"), participating employers and the SBA's third party vendors concerning the FRS Investment Plan. Special mention is made of the fact that the Division will administer in-line of duty death benefits for Investment Plan members.
Published on: 16428422. Rule 19-13.001 is being amended to make some editorial revisions and to indicate that ten Target Date Funds have now replaced the three balanced fund options. Rule 19-13.004 is being amended to state that the Investment Plan Administrator is responsible for providing a Self-Directed Brokerage Account, and an education provider also provides financial planning.
Published on: 16381086. The Trustees of the State Board of Administration of Florida will be asked for permission to file a Notice of Proposed Rulemaking to amend Rule 19-13.001 and 19-13.004 and to file the rules for adoption if no member of the public timely requests a rule hearing. Rule 19-13.001 is being amended to make some editorial revisions and to indicate that ten (10) Target Date Funds have now replaced the three (3) balanced fund options. Rule 19-13.004 is being amended to state that the Investment Plan Administrator is responsible for providing a Self-Directed Brokerage Account, and that an education provider additionally provides financial planning.; September 1, 2015, 9:00 a.m. (ET) – conclusion of the meeting; Treasury on the Plaza, 24 Cathedral Place St. Augustine, Florida
Published on: 16308724. To update certain information regarding the duties and responsibilities of the State Board of Administration and its third party vendors concerning the FRS Investment Plan.