To create a rule to address the method by which local government retirement systems or plans submit biennial reports required by s. 112.662, F.S. to the Department of Management Services.

 

DEPARTMENT OF MANAGEMENT SERVICES

Division of Retirement - Local Retirement

RULE NOS.:RULE TITLES:

60T-1.002Definitions

60T-1.008Additional Benefits Funded by Experience

PURPOSE AND EFFECT: To create a rule to address the method by which local government retirement systems or plans submit biennial reports required by s. 112.662, F.S. to the Department of Management Services.

SUBJECT AREA TO BE ADDRESSED: This rule addresses the biennial report which must be filed by local government retirement systems or plans by December 15 in each odd-numbered year detailing the plan’s governance policies concerning decision-making in vote decisions and adherence to fiduciary standards as required by s. 112.662, F.S. 

RULEMAKING AUTHORITY: 112.662, 112.665(1), F.S.

LAW IMPLEMENTED: 112.63, 112.64, 112.661, 112.662, 112.664, 112.665, F.S.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Keith Brinkman, 3189 S Blair Stone Road, Tallahassee, Florida 32399, [e-mail], [phone].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS: AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE OR ON THE DEPARTMENT’S WEBSITE AT: Rulemaking / General Counsel / Agency Administration / Florida Department of Management Services - DMS (myflorida.com)