Fla. Admin. Code Ann. R. 60T-1.008 - Biennial Report of Decision-Making in Voting and Adherence to Fiduciary Standards
(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 section
112.662, F.S., 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 section
112.662,
F.S.
Notes
Rulemaking Authority 112.662 FS. Law Implemented 112.662 FS.
New 12-25-23.
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