10107805, 19-11.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10107805

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

PROCEDURES FOR THE PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM

Overview

RULE:

19-11.001	Definitions
19-11.006	Enrollment Procedures for New Hires
19-11.007	Second Election Enrollment Procedures for the Florida Retirement System Retirement Programs
19-11.011	Employer and Employee Contributions and ABO or Present Value Transfer Procedures

PURPOSE:

To amend Rule 19-11.001, F.A.C., to include all pertinent definitions contained in Rule Chapters 19-11, 19-12 and 19-13, F.A.C.; to adopt the latest versions of an enrollment form in view of new legislation (Senate Bill 2100, Chapter 2011-68, Laws of Florida) requiring employee contributions to the Florida Retirement System; to remove unnecessary provisions in Rules 19-11.006 and 19-11.007, F.A.C., as such information is fully set forth in the applicable forms; to create new Rule 19-11.011, F.A.C. to consolidate contributions provisions currently in Rules 19-11.001, 19-12.003 and 19-12.004, F.A.C., and add new information pertaining to employee contributions pursuant to Senate Bill 2100, Chapter 2011-68, Laws of Florida.

SUMMARY:

To update information concerning enrollment procedures and to reflect recent legislation pertaining to employer and employee contributions; to consolidate definitional provisions currently scattered in several rules contained in several different rule chapters; to remove unnecessary and redundant rule provisions; and to adopt an updated form. There are no other rules incorporating any of these proposed rules.

RULEMAKING AUTHORITY:

121.4501(8)(a) FS.

LAW:

121.051, 121.055, 121.35, 121.4501(2), (3), (4), (5), (6), (8), (10), (13), (15), (20), 121.71, 121.72, 121.74, 212.77, 121.78, 215.44(8)(b), 1012.875(3) FS.

PRINT PUBLISH DATE:

7/15/2011 Vol. 37/28

COMMENTS:

From 7/15/2011 To 8/5/2011 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-00420 General EZ Enrollment Form- zlegislative update

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