New online Annual Report requirement
November 23, 2016
From: Klausner Kaufman Jensen & Levinson
To: Administrators for all Florida Police or Fire Defined Benefit Plans
Effective next year, the 2016 Annual Report to the Division of Retirement will be required to be submitted electronically using a new online submission process. Attached are instructions and examples that were circulated at the Division of Retirement's conference earlier this month.
While the new online submission process is intended to simplify the process of submitting Annual Reports, we anticipate that there may be a learning curve for some plans during the first year of implementation.
Administrators (or other professionals) who prepare the Annual Report should become familiar with the new system prior to the submission deadline. At the outset, each plan must provide the Division of Retirement with the name and email address of a designated contact person ("filer") who will be responsible for filing next year's Annual Report. The Division will create an online account for the fi ler who will receive an email with a User Id and default Password, along with a link to the new online portal. The Board should ensure that a fi ler has established an online account and that the default password has been changed.
Our office is available to answer any questions
Attachment: New online Annual Report requirement