To adopt the revised Investment Policy Statement approved by the Trustees effective February 6, 2014 for the Florida Retirement System Investment Plan.  

  • RULE NO.:RULE TITLE:

    19-9.001Investment Policy Statement

    PURPOSE AND EFFECT: To adopt the revised Investment Policy Statement approved by the Trustees effective February 6, 2014 for the Florida Retirement System Investment Plan.

    SUMMARY: The most recently revised version of the Investment Policy Statement for the Florida Retirement System Investment Plan is being adopted. There are no other rules incorporating this amended rule. The proposed amendment does not have an impact on any other rules.

    SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION: The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

    The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: There will be no impact on economic growth, job creation or employment, private-sector investment, or business competitiveness, and no increase in regulatory costs caused by the amendment of this rule.

    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.

    RULEMAKING AUTHORITY: 121.4501(8), 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 (IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):

    DATE AND TIME: Monday, October 5, 2015, 9:00 a.m. -11:00 a.m.

    PLACE: Hermitage Room, the 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 days before the workshop/meeting by contacting: Tina Joanos, Agency Clerk, Office of the General Counsel, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, Florida 32308, (850)413-1197, tina.joanos@sbafla.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: Ruth A. Smith, Assistant General Counsel, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, Florida 32308, (850)413-1182, ruth.smith@sbafla.com.

     

    THE FULL TEXT OF THE PROPOSED RULE IS:

     

    19-9.001 Investment Policy Statement.

    The Florida Retirement System Investment Plan Investment Policy Statement, as approved by the Trustees of the State Board of Administration on February 6 9, 2014 2012, http://www.flrules.org/Gateway/reference.asp?No=Ref-05796 http://www.flrules.org/Gateway/reference.asp?No=Ref-01218, 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, or by accessing the MYFRS.com sbafla.com website, clicking on Investment Funds and Plan Information/Trustee Reports and then clicking Investment Plan the Risk Management and Oversight tab, and then clicking on FRS Investment Plan under the Investment Policy Statements section.

    Rulemaking Authority 121.4501(8), 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, 5-19-09, 7-12-12,__________.

     

    NAME OF PERSON ORIGINATING PROPOSED RULE: Joan Haseman, Office of Defined Contribution Programs

    NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Trustees of the State Board of Administration

    DATE PROPOSED RULE APPROVED BY AGENCY HEAD: September 1, 2015

    DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: August 5, 2015.

Document Information

Comments Open:
9/11/2015
Summary:
The most recently revised version of the Investment Policy Statement for the Florida Retirement System Investment Plan is being adopted. There are no other rules incorporating this amended rule. The proposed amendment does not have an impact on any other rules.
Purpose:
To adopt the revised Investment Policy Statement approved by the Trustees effective February 6, 2014 for the Florida Retirement System Investment Plan.
Rulemaking Authority:
121.4501(8), 215.52 FS.
Law:
121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) FS.
Contact:
Ruth A. Smith, Assistant General Counsel, State Board of Administration, 1801 Hermitage Blvd., Tallahassee, Florida 32308, (850)413-1182, ruth.smith@sbafla.com.
Related Rules: (1)
19-9.001. Investment Policy Statement