121.40 – Cooperative extension personnel at the Institute of Food and Agricultural Sciences; supplemental retirement benefits.
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 is to provide a supplement to the monthly retirement benefits being paid under the federal […]
121.4501 – Florida Retirement System Investment Plan.
121.4501 Florida Retirement System Investment Plan.— (1) The Trustees of the State Board of Administration shall establish a defined contribution program called the “Florida Retirement System Investment Plan” or “investment plan” for members of the Florida Retirement System under which retirement benefits will be provided for eligible employees who elect to participate in the program. The retirement […]
121.4502 – Florida Retirement System Investment Plan Trust Fund.
121.4502 Florida Retirement System Investment Plan Trust Fund.— (1) The Florida Retirement System Investment Plan Trust Fund is created to hold the assets of the Florida Retirement System Investment Plan in trust for the exclusive benefit of the plan’s members and beneficiaries, and for the payment of reasonable administrative expenses of the plan, in accordance with s. […]
121.4503 – Florida Retirement System Contributions Clearing Trust Fund.
121.4503 Florida Retirement System Contributions Clearing Trust Fund.— (1) The Florida Retirement System Contributions Clearing Trust Fund is created as a clearing fund for disbursing employer and employee contributions to the component plans of the Florida Retirement System and shall be administered by the Department of Management Services. Funds shall be credited to the trust fund as […]
121.571 – Contributions.
121.571 Contributions.—Contributions to the Florida Retirement System Investment Plan shall be made as follows: (1) CONTRIBUTORY PLAN.—Each employer and employee shall submit contributions as required by s. 121.71. (2) CONTRIBUTION RATES GENERALLY.—Contributions to fund the retirement, disability, and line-of-duty death benefits provided under this part must be based on the uniform contribution rates established by s. 121.71 and […]
121.1905 – Division of Retirement; creation.
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.
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 the provisions of any state-administered retirement system or any state-supported retirement system established by general law. History.—s. 1, ch. 72-388.
121.192 – State retirement actuary.
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 actuarial matters of the state retirement systems. (2) Making periodic valuations of the retirement systems. (3) Providing actuarial analyses to the Legislature concerning proposed changes in the retirement systems. […]
121.121 – Authorized leaves of absence.
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 Family Medical Leave Act, if: (a) The member has completed the years of creditable service required for vesting, excluding periods for which a leave of absence was […]
121.193 – External compliance audits.
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 submitted to the department and to assess the degree of compliance with applicable statutes, rules, and coverage agreements. Audits shall be scheduled on a regular basis, as […]