To make editorial revisions for clarification; to update the services provided by the Division of Management Services and Third Party Vendors

 

STATE BOARD OF ADMINISTRATION

RULE NOS.:RULE TITLES:

19-13.002Roles and Responsibilities of Division of Retirement within the Department of Management Services

19-13.004Role and Responsibilities of Third Party Vendors

PURPOSE AND EFFECT: To make editorial revisions for clarification; to update the services provided by the Division of Management Services and Third Party Vendors

SUBJECT AREA TO BE ADDRESSED: To indicate that the Division of Retirement will handle the collection and processing of employee retirement contributions and data, instead of payroll contributions and data; to indicate third party vendors will re-balance retirement date funds and multi-manager funds; to indicate that third party vendors also will provide a read-only website so that Investment Plan members can access check advices and print copies of their IRS Forms 1099-R; and to state that third party vendors will provide data breach response services.

RULEMAKING AUTHORITY: 121.4501(8), 215.52, FS

LAW IMPLEMENTED: 112.3173, 121.091(5), 121.4501(4), (8), (9), (10) 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:

DATE AND TIME: Monday, December 6, 2021, 9:00 a.m. - 11:00 a.m.

PLACE: Room 116 (Hermitage Center 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 5 days before the workshop/meeting by contacting: Tina Joanos, Agency Clerk, 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, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, FL 32303; [phone]; [e-mail]

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