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 following rules, as applicable: Rules 19-11.002, 19-11.006 and 19-11.007, F.A.C., are being amended to ...

 

STATE BOARD OF ADMINISTRATION

RULE NO.:RULE TITLE:

19-11.002:Beneficiary Designations and Distributions for FRS Investment Plan

19-11.006:Enrollment Procedures for New Hires

19-11.007:Second Election Enrollment Procedures for the FRS Retirement Programs

19-11.012:Rollovers or Plan to Plan Transfers to or from the FRS Investment Plan

The State Board of Administration announces a public meeting to which all persons are invited.

DATE AND TIME: November 19, 2013, 9:00 a.m. (ET) – conclusion of the meeting (re-scheduled from November 5, 2013)

PLACE: Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee, Florida

GENERAL SUBJECT MATTER TO BE CONSIDERED: 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 following rules, as applicable: Rules 19-11.002, 19-11.006 and 19-11.007, F.A.C., are being amended 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 that employer contributions to the FRS can vary, and the 8 year vesting requirement of the FRS Pension Plan. Rule 19-11.012, F.A.C., is being amended to clarify the circumstances under which rollovers cannot be accepted by the FRS Investment Plan. The Trustees also will be asked to authorize the filing of these rules for amendment or repeal, as applicable, if no member of the public timely requests a rule hearing.

A copy of the agenda may be obtained by contacting: Diane Bruce, State Board of Administration, 1801 Hermitage Blvd., Suite 100, Tallahassee, Florida 32308, [phone].

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 3 days before the workshop/meeting by contacting: Ruth A. Smith, Office of the General Counsel, State Board of Administration, P. O. Drawer 13300, Tallahassee, FL 32317-3300, [phone], [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

For more information, you may contact: Ruth A. Smith, Office of the General Counsel, State Board of Administration, P. O. Drawer 13300, Tallahassee, FL 32317-3300, [phone], [e-mail].