Florida Regulations 60T-1.008: Biennial Report of Decision-Making in Voting and Adherence to Fiduciary Standards
Current as of: 2024 | Check for updates
|
Other versions
(1) By December 15 of each odd-numbered year, each Local Retirement System or Plan shall submit a
comprehensive report to the Division which shall include:
a. A detailed description of the Local Retirement System or Plan’s governance policies concerning decision-making in vote decisions; and
b. A review of adherence to the fiduciary standards required in Florida Statutes § 112.662, including the exercise of shareholder rights, since the previous comprehensive report submission.
(2) The comprehensive report shall be saved in a portable document format (.pdf) file and submitted electronically via the Division’s online web portal https://frs.fl.gov/#/local-retirement/comprehensive-report created for this purpose. At the time of submission of the report, the Local Retirement System or Plan shall indicate if it has complied with all the requirements set forth in Florida Statutes § 112.662
Rulemaking Authority 112.662 FS. Law Implemented Florida Statutes § 112.662. History-New 12-25-23.
Terms Used In Florida Regulations 60T-1.008
- Fiduciary: A trustee, executor, or administrator.
a. A detailed description of the Local Retirement System or Plan’s governance policies concerning decision-making in vote decisions; and
b. A review of adherence to the fiduciary standards required in Florida Statutes § 112.662, including the exercise of shareholder rights, since the previous comprehensive report submission.
(2) The comprehensive report shall be saved in a portable document format (.pdf) file and submitted electronically via the Division’s online web portal https://frs.fl.gov/#/local-retirement/comprehensive-report created for this purpose. At the time of submission of the report, the Local Retirement System or Plan shall indicate if it has complied with all the requirements set forth in Florida Statutes § 112.662
Rulemaking Authority 112.662 FS. Law Implemented Florida Statutes § 112.662. History-New 12-25-23.