Florida Statutes Part I - General Provisions (Ss. 121.011-121.40)

• 121.011 - Florida Retirement System.
  (1) SHORT TITLE.—This chapter shall be known and cited as the “Florida Retirement System Act.”(2) CONSOLIDATION OF EXISTING SYSTEMS AND LAWS.—(a) Any officer or employee who is elected,...
• 121.012 - Inclusive Provisions.
  The provisions of part I of this chapter shall be applicable to parts II and III to the extent such provisions are not inconsistent with,...
• 121.021 - Definitions.
  The following words and phrases as used in this chapter have the respective meanings set forth unless a different meaning is plainly required by the...
• 121.025 - Administrator; Powers And Duties.
  The secretary of the Department of Management Services shall be the administrator of the retirement and pension systems assigned or transferred to the Department of...
• 121.031 - Administration Of System; Appropriation; Oaths; Actuarial Studies; Public Records.
  (1) The Department of Management Services has the authority to adopt rules pursuant to ss. 120.536(1) and 120.54 to implement the provisions of law conferring duties...
• 121.0312 - Review; Actuarial Valuation Report; Contribution Rate Determination Process.
  The Governor, Chief Financial Officer, and Attorney General, sitting as the Board of Trustees of the State Board of Administration, shall review the actuarial valuation...
• 121.045 - Consolidation Of Liabilities And Assets; Existing Systems.
  (1) Effective December 1, 1970, the existing systems and the Florida Retirement System shall be consolidated and the system shall assume:(a) All liabilities related to the payment...
• 121.046 - Merger Of The Judicial Retirement System Into The Florida Retirement System Act.
  (1) Any person who is elected or appointed to office in this state as Supreme Court justice, district court of appeal judge, or circuit judge on...
• 121.047 - Consolidation Of Liabilities And Assets; Institute Of Food And Agricultural Sciences Supplemental Retirement Program; Restriction.
  (1) Effective July 1, 2007, the Institute of Food and Agricultural Sciences Supplemental Retirement Program, as established under s. 121.40, shall be consolidated under the Florida...
• 121.051 - Participation In The System.
  (1) COMPULSORY PARTICIPATION.—(a) Participation in the Florida Retirement System is compulsory for all officers and employees, except elected officers who meet the requirements of s. 121.052(3), who...
• 121.0511 - Revocation Of Election And Alternative Plan.
  The governing body of any municipality or independent special district that has elected to participate in the Florida Retirement System may revoke its election in...
• 121.0515 - Special Risk Class.
  (1) ESTABLISHMENT OF CLASS.—A separate class of membership within the Florida Retirement System, to be known as the “Special Risk Class,” is established to recognize that...
• 121.052 - Membership Class Of Elected Officers.
  (1) ESTABLISHMENT OF CLASS.—There is hereby established a separate class of members within the Florida Retirement System, which hereafter may be cited as the “Elected Officers’...
• 121.053 - Participation In The Elected Officers’ Class For Retired Members.
  (1) A member who retired under an existing system as defined in s. 121.021 and receives a retirement benefit, and who subsequently serves in an office...
• 121.055 - Senior Management Service Class.
  There is hereby established a separate class of membership within the Florida Retirement System to be known as the “Senior Management Service Class,” which shall...
• 121.061 - Funding.
  (1) Commencing December 1, 1970, all employers withholding contributions required of members under this chapter for purposes of providing retirement benefits and social security benefits to...
• 121.071 - Contributions.
  Contributions to the system shall be made as follows:(1) The following tables state the required retirement contribution rates for members of the Regular Class, Special Risk...
• 121.081 - Past Service; Prior Service; Contributions.
  Conditions under which past service or prior service may be claimed and credited are:(1)(a) Past service, as defined in s. 121.021, may be claimed as creditable...
• 121.085 - Creditable Service.
  The following provision shall apply to creditable service as defined in s. 121.021(17): no creditable service which remained unclaimed at retirement may be claimed or...
• 121.091 - Benefits Payable Under The System.
  Benefits may not be paid under this section unless the member has terminated employment as provided in s. 121.021(39)(a) or begun participation in the Deferred...
• 121.095 - Florida Retirement System Preservation Of Benefits Plan Trust Fund.
  (1) The Florida Retirement System Preservation of Benefits Plan Trust Fund is created within the Division of Retirement.(a) Funds to be credited to the trust fund shall...
• 121.1001 - Florida Retirement System Preservation Of Benefits Plan.
  Effective July 1, 1999, the Florida Retirement System Preservation of Benefits Plan is established as a qualified governmental excess benefit arrangement pursuant to s. 415(m)...
• 121.101 - Cost-of-living Adjustment Of Benefits.
  (1) The purpose of this section is to provide cost-of-living adjustments to the monthly benefits payable to retired members of state-supported retirement systems.(2) As used in this...
• 121.111 - Credit For Military Service.
  (1) Creditable service of any member shall also include military service as defined in s. 121.021(20)(a) if:(a) The member is in the active employ of an employer...
• 121.1115 - Purchase Of Retirement Credit For Out-of-state Or Federal Service.
  Effective January 1, 1995, a member may purchase creditable service for periods of public employment in another state and receive creditable service for such periods...
• 121.1122 - Purchase Of Retirement Credit For In-state Public Service And In-state Service In Accredited Nonpublic Schools And Colleges, Including Charter Schools And Charter Technical Career Centers.
  Effective January 1, 1998, a member of the Florida Retirement System may purchase creditable service for periods of certain public or nonpublic employment performed in...
• 121.121 - Authorized Leaves Of Absence.
  (1) A member may purchase creditable service for up to 2 work years of authorized leaves of absence, including any leaves of absence covered under the...
• 121.122 - Renewed Membership In System.
  (1) Except as provided in s. 121.053, effective July 1, 1991, through June 30, 2010, any retiree of a state-administered retirement system who is initially reemployed...
• 121.125 - Credit For Workers’ Compensation Payment Periods.
  A member of the retirement system created by this chapter who has been eligible or becomes eligible to receive workers’ compensation payments for an injury...
• 121.131 - Benefits Exempt From Taxes And Execution.
  The benefits accrued to any person under the provisions of this chapter and the accumulated contributions, securities, or other investments in the trust funds hereby...
• 121.133 - Cancellation Of Uncashed Warrants.
  Notwithstanding the provisions of s. 17.26 or s. 717.123 to the contrary, if any state warrant issued by the Chief Financial Officer for the payment...
• 121.135 - Annual Report To Legislature Concerning State-administered Retirement Systems.
  The department shall make to each regular session of the Legislature a written report on the operation and condition of the state-administered retirement systems.History.—s. 3,...
• 121.136 - Annual Benefit Statement To Members.
  Each year the department shall provide each active member of the Florida Retirement System with 5 or more years of creditable service an annual statement...
• 121.141 - Appropriation.
  (1) There is annually appropriated from the System Trust Fund a sufficient amount to make such payments as are provided in part I of this chapter.(2) The...
• 121.151 - Investments.
  The Board of Administration, created by authority of the State Constitution, shall invest and reinvest available funds of the System Trust Fund in accordance with...
• 121.161 - References To Other Laws Include Amendments.
  References in this chapter to state or federal laws or agreements are intended to include such laws as they now exist or may hereafter be...
• 121.181 - Effective Date.
  For the purpose of activating and implementing the Florida Retirement System this chapter shall take effect on December 1, 1970, but for all other purposes...
• 121.1815 - Special Pensions To Individuals; Administration Of Laws By Department Of Management Services.
  All powers, duties, and functions related to the administration of laws providing special pensions to individuals, including chapter 18054, Laws of Florida, 1937; chapter 26788,...
• 121.182 - Retirement Annuities Authorized For City And County Personnel.
  Municipalities and counties are authorized to purchase annuities for all municipal and county personnel with 25 or more years of creditable service who have reached...
• 121.1905 - Division Of Retirement; Creation.
  There is created the Division of Retirement within the Department of Management Services.History.—s. 30, ch. 94-249; s. 44, ch. 99-255; s. 14, ch. 2009-209.
• 121.191 - Special Acts Prohibited.
  After July 1, 1972, there shall not be enacted any special act or general law of local application which proposes to amend, alter, or contravene...
• 121.192 - State Retirement Actuary.
  The department may employ an actuary. Such actuary shall, together with such other duties as the secretary may assign, be responsible for:(1) Advising the secretary on...
• 121.193 - External Compliance Audits.
  (1) The department shall conduct audits of the payroll and personnel records of participating agencies. These audits shall be made to determine the accuracy of reports...
• 121.22 - State Retirement Commission; Creation; Membership; Compensation.
  (1) There is created within the Department of Management Services a State Retirement Commission composed of five members: Two members who are retired under a state-supported...
• 121.23 - Disability Retirement And Special Risk Membership Applications; Retirement Commission; Powers And Duties; Judicial Review.
  The provisions of this section apply to all proceedings in which the administrator has made a written final decision on the merits respecting applications for...
• 121.231 - Attorney’s Fees And Costs Under S. 121.23(2)(a); Funding.
  There is appropriated from the Florida Retirement System Trust Fund sufficient funds, not to exceed $300,000 annually, to pay attorney’s fees and taxable costs as...
• 121.24 - Conduct Of Commission Business; Legal And Other Assistance; Compensation.
  (1) The commission shall conduct its business within the following guidelines:(a) For purposes of hearing appeals under s. 121.23, the commission may meet in panels of no...
• 121.30 - Statements Of Purpose And Intent And Other Provisions Required For Qualification Under The Internal Revenue Code Of The United States.
  Any other provisions in this chapter to the contrary notwithstanding, it is specifically provided that:(1) The purpose of this chapter is to provide pension benefits for...
• 121.35 - Optional Retirement Program For The State University System.
  (1) OPTIONAL RETIREMENT PROGRAM ESTABLISHED.—The Department of Management Services shall establish an optional retirement program under which contracts providing retirement and death benefits may be purchased...
• 121.355 - Community College Optional Retirement Program And State University System Optional Retirement Program Member Transfer.
  Effective January 1, 2009, through December 31, 2009, an employee who is a former member of the Community College Optional Retirement Program or the State...
• 121.40 - Cooperative Extension Personnel At The Institute Of Food And Agricultural Sciences; Supplemental Retirement Benefits.
  (1) SHORT TITLE.—This section shall be known and may be cited as the “Institute of Food and Agricultural Sciences Supplemental Retirement Act.”(2) PURPOSE.—The purpose of this act...

Last modified: September 23, 2016