Purpose


Amendments are being made to update the name of the Florida Retirement System (“FRS”) defined contribution plan from the “Public Employee Optional Retirement Program” to the “Florida Retirement System Investment Plan” in accordance with the statutory change to Section 121.4501, Florida Statutes; to indicate that the administration of qualified domestic relations orders for the FRS Investment Plan no longer is handled by the Division of Retirement, but instead, as indicated in proposed amendments to Rule 19-14.004, F.A.C., by the FRS Investment Plan Administrator; to delete information regarding contributions which will be set forth in amendments to Rule Chapter 19-11, F.A.C., and to delete unnecessary language.