Florida Administrative Code (Last Updated: July 17, 2024) |
69. Department of Financial Services |
69C. Division of Treasury |
69C-6. State Of Florida Employees Deferred Compensation Plan |
69C-6.003. The Plan; Prescribed Forms
1(1) Form DFS-J3-1176 (rev. 03/15) 6http://www.flrules.org/Gateway/reference.asp?No=Ref-05104, 8State of Florida Employees Deferred Compensation Plan, is hereby established and incorporated into this rule by reference as the “plan of deferred compensation” contemplated in section 34112.215, F.S. 36The form can be obtained from the Deferred Compensation Section, Division of State Treasury, 200 East Gaines Street, Tallahassee, Florida 32399-0346.
57(2) The forms listed below are incorporated into and made a part of this rule chapter by reference and shall take effect on the effective date of this rule. The forms can be obtained from investment providers servicing the plan. A listing of authorized investment providers and the forms can be obtained from the Deferred Compensation Section, Division of Treasury, 200 East Gaines Street, Tallahassee, Florida 32399-0346. 124The State of Florida Employees Deferred Compensation Plan may also be referred to as the “457b Plan.”
141(a) Form DFS-J3-1163 (rev. 03/15)
146http://www.flrules.org/Gateway/reference.asp?No=Ref-05093
148Participant Action Form 151– (Used for most participants requests, including enrollment and account changes)
162(b) Form DFS-J3-1164 (rev. 03/15)
167http://www.flrules.org/Gateway/reference.asp?No=Ref-05094
169Enrollment Info171rmation Form 173‒ (General enrollment form identifying important provisions and restrictions of the 457b Plan)
186(c) Form DFS-J3-1165 (rev. 01/13)
191http://www.flrules.org/Gateway/referenc192e.asp?No=Ref-02713
194Company to Company Transfer ‒ 199(Used 200when a participant wants to transfer funds between Investment Providers)
210(d) Form DFS-J3-1166 (rev. 01/13)
215http://www.flrules216.org/Gateway/reference.asp?No=Ref-02714
218Company to Company Transfer Invoice ‒ 224(Used to inform Investment Providers of participant’s request to transfer account to another Investment Provider within the Plan)
242(e) Form DFS-J3-1169 (rev. 01/13)
247http://www.flrules.org/Gateway/reference.asp?No=Ref-02715
249Transfer/Rollover Invoice – (Used to inform Investment Providers to distribute funds 260from the Plan to another tax sheltered pension plan)
269(f) Form DFS-J3-1152 (rev. 01/13)
274http://www.flrules.org/Gateway/reference.asp?No=Ref-02710
276Application for Standard Catch-Up 280‒ 281Used for participants to request to catch up the difference between the maximal deferrals that could have been contributed and what was actually contributed as a State employee)
309(g) Form DFS-J3-1171 (rev. 03/15)
314http://www.flrules.org/Gateway/reference.asp?No=Ref-05095
316Request for Unforeseeable Emergency Withdrawal ‒ 322(Used to request a distribution due to an unforeseeable emergency)
332(h) 333Form DFS-J3-1172(GWRS) (rev. 03/15)
337http://www.flrules.org/Gateway/reference.asp?No=Ref-05096
339Request for Distribution ‒ (Used by Great West participants to request a distribution from the Plan after they have left employmen360t)
361(i) Form DFS-J3-1172(NRS) (rev. 03/15)
366http://www.flrules.org/Gateway/reference.asp?No=Ref-05097
368Request for Distribution ‒ (Used by Nationwide Retirement Services participants 378to request a distribution from the Plan after they have left employment)
390(j) Form DFS-J3-1172(VAL) (rev. 03/15)
395http://www.flrules.org/Gateway/reference.asp?No=Ref-05099
397Request for Distribution 400‒ (Used by Valic participants to request a distribution from the Plan after they have left employment)
417(k) Form DFS-J3-1172(VOYA) (rev. 03/15)
422http://www.flrules.org/Gateway/referen423ce.asp?No=Ref-05100
425Request for Distribution ‒ (Used by VOYA participants to request a distribution from the Plan after they have left employment)
445(l) Form DFS-J3-1172(TRP) (rev. 03/15)
450http://www.flrules.org/Gateway/reference.asp?No=Ref-05098
452Request for Distribution ‒ (Used by T. Rowe Price participants to request a distribution from the Plan after they have left employment)
474(m) Form DFS-J3-1174 (rev. 4/13)
479http://www.flrules.org/Gateway/reference.asp?No=Ref-02723
481Frequently Asked Questions with Answers ‒ 487(Answers to the most frequently asked questions about the Plan)
497(n) Form DFS-J3-1175 (rev. 01/13)
502http://www.flrules.org/Gateway/reference.asp?No=Ref-02724
504Forms Procedures ‒ 507(Procedures and guidelines for completing specific forms of the Plan)
517(o) Form DFS-J3-1525 (rev. 04/13)
522http://www.flrules.org/Gateway/reference.asp?No=Ref-02726
524Purchase of Prior Service Credits ‒ 530(Used by participants to transfer funds from their Deferred Compensation accounts to pur543chase prior years of service from previous Florida employment, military time, or employment with other states and/or counties)
561(p) Form DFS-J3-1526 (rev. 03/15)
566http://www.flrules.org/Gateway/reference.asp?No=Ref-05101
568Rollover Into/Out of Florida Plan 573‒ (Used to 576transfer funds from their State of Florida 457(b) Plan to another tax shelter pension plan)
591(q) Form DFS-J3-1541 (rev. 02/16)
596http://www.flrules.org/Gateway/reference.asp?No=Ref-06523
598State of Florida Employees Deferred Compensation Plan 605Investment Policy for Product Selection and Retention ‒ 613(614Establishes the standards for the State of Florida Employees Deferred Compensation Plan; adopts criteria for the selection and retention of the Plan’s investment options; and provides a method for the quarterly evaluation and monitoring of the investment options)
652(r) Form DFS-J3-1173 (new 01/13)
657http://www.flrules.org/Gateway/reference.asp?No=Ref-02722
659Deferrals for Special Supplemental Pay ‒ (Used 666for a participant to defer special supplemental pay (accrued annual/sick leave) to the Plan)
680(s) Form DFS-J3-1796 (new 04/13)
685http://www.flrules.org/Gateway/reference.asp?No=Ref-02729
687Loan Application ‒ (Used by participants to request a loan from the 457b Plan)
701(t) Form DFS-J3-1956 (rev. 03/15)
706http://www.flrules.org/Gateway/reference.asp?No=Ref-05103
708EZ Enrollment Form ‒ (Abbreviated form for participants to enroll in the Deferred Compensation Program via the internet)
726(u) Form DFS-J3-1954 (new 01/13)
731http://www.flrules.org/Gateway/reference.asp?No=Ref-02730
733Loan Frequently Asked Questions ‒ (Answers to the most frequently asked questions about the State 457b Loan Program)
751(3) The State of Florida Employees’ Deferred Compensation Plan shall be construed to conform to the requirements of 76926 USC 457 772(2008), which is hereby incorporated by reference into this rule, 782and a copy of 78626 USC 457 789(2008) can be obtained at 794www.gpo.gov795.
796(4) The following portions of the Internal Revenue Code, Code of Federal Regulations 809and Act of the United States Congress 816are also hereby incorporated by reference, 822and a copy of the Codes, Regulations, and Act may be obtained at www.gpo.gov836. 837The Internal Revenue Procedure is hereby incorporated by reference, and a copy of it may be obtained at http://www.irs.gov/pub/irs-drop/rp-13-12.pdf856:
857(a) 85826 USC 401 861(2010);
862(b) 86326 USC 403 866(2011);
867(c) 86826 USC 911 871(2007);
872(d) 87326 USC 408 876(2011);
877(e) 87826 USC 414 881(2011);
882(f) 88326 USC 1402 886(2011);
887(g) 88826 USC 112 891(2011);
892(h) 89326 USC 3401(h)(2) 896(2011);
897(i) 89826 CFR 1.457-2 901(August 27, 2003);
904(j) 90526 CFR 1.401(a)(9) 908(April 1, 2011 Edition);
912(k) 91326 CFR 1.457-9 916(August 27, 2003);
919(l) Rev. Proc. 2013-12, 2013-4, I.R.B. 313;
926(m) Pension Protection Act of 2006, Pub. L. No. 109-280, Sec. 845 (2006)
939http://www.flrules.org/Gateway/reference.asp?No=Ref-05164;
941(n) Worker, Retiree, and Employer Recovery Act of 2008, Pub. L. No. 110-458, Sec. 125 (2008).
957Rulemaking Authority 959112.215(12) FS. 961Law Implemented 963112.215 FS. 965History–New 1-1-87, Amended 10-7-87, 2-14-88, 2-19-89, 6-21-89, 8-7-95, 9-21-98, 6-11-02, Formerly 4C-6.003, Amended 8-26-04, 2-21-05, 7-9-06, 4-8-07, 6-26-13, 3-24-15, 3-20-16.