185.02 – Definitions.
185.02 Definitions.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter, the term: (1) “Additional premium tax revenues” means revenues received by a municipality pursuant to s. 185.10 which exceed base premium tax revenues. (2) “Average final compensation” means one-twelfth of the average annual compensation of the 5 best years of the last […]
185.03 – Municipal Police Officers’ Retirement Trust Funds; Creation; Applicability of Provisions; Participation by Public Safety Officers.
185.03 Municipal police officers’ retirement trust funds; creation; applicability of provisions; participation by public safety officers.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter: (1) There shall be established a special fund exclusively for the purpose of this chapter, which in the case of chapter plans shall be known as the […]
185.04 – Actuarial Deficits Not State Obligations.
185.04 Actuarial deficits not state obligations.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter, actuarial deficits, if any, arising under this chapter are not the obligation of the state. History.—s. 1b, ch. 28230, 1953; s. 44, ch. 99-1.
185.05 – Board of Trustees; Members; Terms of Office; Meetings; Legal Entity; Costs; Attorney’s Fees.
185.05 Board of trustees; members; terms of office; meetings; legal entity; costs; attorney’s fees.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter: (1) In each municipality described in s. 185.03 there is hereby created a board of trustees of the municipal police officers’ retirement trust fund, which shall be solely responsible […]
185.06 – General Powers and Duties of Board of Trustees.
185.06 General powers and duties of board of trustees.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter: (1) The board of trustees, subject to the fiduciary standards in ss. 112.656, 112.661, and 518.11 and the Code of Ethics in ss. 112.311-112.3187, may: (a) Invest and reinvest the assets of the retirement trust […]
185.061 – Use of Annuity or Insurance Policies.
185.061 Use of annuity or insurance policies.—When the board of trustees of any municipality, chapter plan, local law municipality, or local law plan purchases annuity or life insurance contracts to provide all or part of the benefits promised by this chapter, the following principles shall be observed: (1) Only those officers who have been members of the […]
185.07 – Creation and Maintenance of Fund.
185.07 Creation and maintenance of fund.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter: (1) The municipal police officers’ retirement trust fund in each municipality described in s. 185.03 shall be created and maintained in the following manner: (a) By the net proceeds of the .85-percent excise tax which may be imposed […]
185.08 – State Excise Tax on Casualty Insurance Premiums Authorized; Procedure.
185.08 State excise tax on casualty insurance premiums authorized; procedure.—For any municipality, chapter plan, local law municipality, or local law plan under this chapter: (1)(a) Each incorporated municipality in this state described and classified in s. 185.03, as well as each other city or town of this state which on July 31, 1953, had a lawfully established […]