The Trustees of the State Board of Administration of Florida will consider proposed amendments to the following rules and will be asked for permission to file a Notice of Proposed Rulemaking for these rules, and to file these rules for adoption if ...

 

STATE BOARD OF ADMINISTRATION

RULE NOS.:RULE TITLES:

19-11.001Definitions

19-11.004Excessive Trading in the FRS Investment Plan

19-11.006Enrollment Procedures for New Hires

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

19-11.008Forfeitures

19-11.012Rollovers 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: June 17, 2014, 9:00 a.m. (ET) – conclusion of the meeting

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 consider proposed amendments to the following rules and will be asked for permission to file a Notice of Proposed Rulemaking for these rules, and to file these rules for adoption if no member of the public timely requests a rule hearing: Rule 19-11.001 is being amended to add a definition of “Retirement Date Fund,” and make a technical correction. Rule 19-11.004 is being amended to indicate that members having a Self-Directed Brokerage Account (“SDBA”) are not subject to the excessive trading policy discussed in the rule with respect to that account, but rather are subject to the applicable rules and restrictions of the funds contained within the SDBA. Rule 19-11.006 is being amended to adopt the latest versions of the enrollment forms, and to indicate that the default investment fund is an age appropriate retirement date fund. Rule 19-11.007 is being amended to adopt the updated Second Election forms. Rule 19-11.008 is being amended to indicate that un-vested account benefits placed in a suspense account will be invested in the Pyramis Intermediate Duration Pool Fund. Rule 19-11.012 is being amended to adopt the latest versions of the rollover forms.

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 5 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].