To amend the beneficiary and distributions rules to provide that a beneficiary who unlawfully and intentionally kills or procures the death of a member forfeits all rights to the members benefits; to amend the beneficiary rule to add information ...

STATE BOARD OF ADMINISTRATION

Rule No.: RULE TITLE
19-11.002: Beneficiary Designation for FRS Investment Plan
19-11.003: Distributions from FRS Investment Plan Accounts
19-11.009: Reemployment with an FRS-covered Employer after Retirement
PURPOSE AND EFFECT: To amend the beneficiary and distributions rules to provide that a beneficiary who unlawfully and intentionally kills or procures the death of a member forfeits all rights to the members benefits; to amend the beneficiary rule to add information regarding members who inadvertently use an incorrect beneficiary designation form or fail to obtain their spouses acknowledgement that a beneficiary, other than the spouse has been named; to amend the beneficiary rule indicating when an account will be established for a beneficiary; to amend the distributions rule to add information pertaining to requests by members seeking documentation of a disbursement made prior to August 30, 2007; to update the reemployment rule to reflect legislative changes and to adopt the certification form for employers.
SUBJECT AREA TO BE ADDRESSED: Updated information and procedures pertaining to naming beneficiaries and to seeking documentation of disbursements made prior to a certain date; to update information applicable to employees who are rehired after retirement; to adopt a form.
SPECIFIC AUTHORITY: 121.4501(3)(c)4., (8)(a) FS.
LAW IMPLEMENTED: 121.021, 121.091, 121.4501(2), (8), (13), (14), (15), (20), 121.591, 121.77 FS.
IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
TIME AND DATE: Monday, January 3, 2011, 9:00 a.m. – 11:00 a.m.
PLACE: Room 116 (Hermitage Conference Room), 1801 Hermitage Blvd., Tallahassee, FL 32308
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 2 days before the workshop/meeting by contacting: Tina Joanos, Office of the General Counsel, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, FL 32303; [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).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Ruth A. Smith, Assistant General Counsel, Office of the General Counsel, 1801 Hermitage Blvd., Suite 100, Tallahassee, FL 32308; [phone]; [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.