To adopt the most recent version of the Investment Policy Statement.  


  • RULE NO: RULE TITLE
    19-9.001: Investment Policy Statement
    PURPOSE AND EFFECT: To adopt the most recent version of the Investment Policy Statement.
    SUMMARY: The latest version was approved by the Trustees on December 9, 2008.
    SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: The agency has determined that this rule will not have an impact on small business. A SERC was prepared in an abundance of caution.
    Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
    SPECIFIC AUTHORITY: 121.4501(8)(a), 215.52 FS.
    LAW IMPLEMENTED: 121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) FS.
    IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
    DATE AND TIME: Monday, April 13, 2009, 9:00 a.m. – 11:00 a.m.
    PLACE: Hermitage Room, the Hermitage Centre, 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 5 days before the workshop/meeting by contacting: Cindy Morea, Office of Defined Contributions, 1801 Hermitage Blvd, Tallahassee, FL 32308; tel: (850)413-1491 or cindy.morea@sbalfa.com. 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 IS: Cindy Gokel, Assistant General Counsel, SBA, 1801 Hermitage Blvd., Tallahassee, FL 32308; tel: (850)413-1199; or cindy.gokel@sbafla.com

    THE FULL TEXT OF THE PROPOSED RULE IS:

    19-9.001 Investment Policy Statement.

    The Florida Retirement System Public Employee Optional Retirement Program Investment Policy Statement, as approved by the Trustees of the State Board of Administration on December 9, 2008 February 1, 2005, is hereby adopted and incorporated by reference. The Investment Policy Statement may be obtained by contacting: State Board of Administration, 1801 Hermitage Blvd., Suite 100, Tallahassee, Florida 32308; Attn: Office of Defined Contribution Programs.

    Rulemaking Specific Authority 121.4501(8)(a), 215.52 FS. Law Implemented 121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) FS. History–New 7-29-01, Amended 7-23-02, 5-10-05,________.


    NAME OF PERSON ORIGINATING PROPOSED RULE: John Benton, Senior Investment Policy Officer, SBA
    NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Trustees of the State Board of Administration
    DATE PROPOSED RULE APPROVED BY AGENCY HEAD: March 10, 2009
    DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: January 23, 2009

Document Information

Comments Open:
3/20/2009
Summary:
The latest version was approved by the Trustees on December 9, 2008.
Purpose:
To adopt the most recent version of the Investment Policy Statement.
Rulemaking Authority:
121.4501(8)(a), 215.52 FS.
Law:
121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) FS.
Contact:
Cindy Gokel, Assistant General Counsel, SBA, 1801 Hermitage Blvd., Tallahassee, FL 32308; tel: (850)413-1199; or cindy.gokel@sbafla.com
Related Rules: (1)
19-9.001. Investment Policy Statement