To amend existing rules to provide updated procedures for the FRS Investment Plan.

STATE BOARD OF ADMINISTRATION

RULE NO: RULE TITLE
19-11.002: Beneficiary Designation for FRS Investment Plan
19-11.004: Excessive Trading in the FRS Investment Plan
19-11.006: Enrollment Procedures for New Hires
19-11.007: Second Election Enrollment Procedures for the FRS Retirement Programs
19-11.008: Forfeitures
19-11.009: Reemployment with an FRS-covered Employer after Retirement
PURPOSE AND EFFECT: To amend existing rules to provide updated procedures for the FRS Investment Plan.
SUBJECT AREA TO BE ADDRESSED: The subject areas are: beneficiary designations; excessive trading policy; procedures for new hires; procedures for second election; procedures for forfeitures; and procedures for re-employment with an FRS employer after retirement.
SPECIFIC AUTHORITY: 121.4501(3)(c)4., (8)(a) FS.
LAW IMPLEMENTED: 121.021(29),(39), 121.051, 121.055, 121.35, 121.091(5), (8), (9)(b), (c), 121.4501(2), (3), (4), (5), (6), (8), (13), (14), (15), (20), 121.591(1)(a)4., (3), 121.73, 121.74, 121.78, 215.44(8)(b), 744.301, 1012.875(3) FS.
A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: July 14, 2008, 2:00 p.m. – 4:00 p.m.
PLACE: Hermitage Room, Hermitage Centre, 1801 Hermitage Blvd., Tallahassee, Florida 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 hours before the workshop/meeting by contacting: Cindy Morea, Office of Defined Contribution Programs, State Board of Administration, 1801 Hermitage Blvd.Suite 100, Tallahassee, Florida 32308; tel: [phone]; or [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: Cindy Gokel, Assistant General Counsel, State Board of Administration, 1801 Hermitage Blvd., Suite 100, Tallahassee, FL 32308; tel. [phone]; [e-mail]

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