Florida Statutes Part III - Florida Retirement System Contribution Rates (Ss. 121.70-121.78)

• 121.70 - Legislative Purpose And Intent.
  (1) This part provides for a uniform system for funding benefits provided under the Florida Retirement System Pension Plan established under part I of this chapter...
• 121.71 - Uniform Rates; Process; Calculations; Levy.
  (1) In conducting the system actuarial study required under s. 121.031, the actuary shall follow all requirements specified to determine, by Florida Retirement System employee membership...
• 121.72 - Allocations To Investment Plan Member Accounts; Percentage Amounts.
  (1) The allocations established in subsection (4) shall fund retirement benefits under the investment plan and shall be transferred monthly by the Division of Retirement from...
• 121.73 - Allocations For Member Disability Coverage; Percentage Amounts.
  (1) The allocations established in subsection (3) shall be used to provide disability coverage for members in the investment plan and shall be transferred monthly by...
• 121.74 - Administrative And Educational Expenses.
  In addition to contributions required to fund member accounts under ss. 121.71 and 121.73, effective July 1, 2010, through June 30, 2014, employers participating in...
• 121.75 - Allocation For Pension Plan.
  After making the transfers required pursuant to ss. 121.71, 121.72, 121.73, and 121.74, the monthly balance of funds in the Florida Retirement System Contributions Clearing...
• 121.76 - Contributions For Social Security And For Retiree Health Insurance Subsidy.
  Contributions required under this part shall be made or deducted, as may be appropriate, for each pay period and are in addition to employer and...
• 121.77 - Deductions From Member Accounts.
  The State Board of Administration may authorize the third-party administrator to deduct reasonable fees and apply appropriate charges to investment plan member accounts. In no...
• 121.78 - Payment And Distribution Of Contributions.
  (1) Contributions made pursuant to this part shall be paid by the employer, including the employee contribution, to the Division of Retirement by electronic funds transfer...

Last modified: September 23, 2016