1. (1) Each plan sponsor of a local retirement system or plan defined as other than those requiring actuarial reports shall provide, on an annual basis, that information necessary to gather, catalog and maintain complete information to the Division.

2. (2) The disclosure of information may be prepared as of the plan anniversary date or as of the plan sponsor’s fiscal year ending date and shall minimally contain the following:

   1. (a) Plan Description (initial report only)

      1. Contribution formula

      a. Plan sponsor

      b. Member

      2. Vesting schedule

      3. Normal retirement date

      4. Member eligibility

      5. Beginning date of plan year – annually

      6. Plan sponsor

      7. Plan administrator

      8. A copy of the Internal Revenue Service letter approving the plan as tax qualified, and all changes thereto. The specific Internal Revenue Code sections under which the plan operates.

      9. Copy of plan document, ordinances, contracts and any enactment or other legal statement regarding funding and administration.

   2. (b) Source of funds

      1. Plan sponsor

      2. Members

      3. Other

   3. (c) A statement describing each change and/or amendment, if any, to the plan, since the last report, including a copy of all applicable legal instruments and IRS approval letters.
   4. (d) A signed and dated statement of the plan administrator verifying the completeness and accuracy of the report, including a statement that there has been no change since the last report, if applicable.

Rulemaking Authority 112.665(1) FS. Law Implemented 112.665 FS. History–New 8-15-84, Formerly 22D-1.06, 22D-1.006, Amended 2-23-95.