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§ 121.735 — Florida Law | CourtGPT
  1. Home/
  2. Laws/
  3. Florida/
  4. Title X - Public Officers, Employees, and Records/
  5. Chapter 121 - Florida Retirement System/
  6. Part III - Florida Retirement System Contribution Rates (Ss. 121.70-121.78)121.70 - Legislative Purpose and Intent/
  7. § 121.735
Florida Legal Code

§ 121.735

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121.735 Allocations for member line-of-duty death benefits; percentage amounts.—(1) The allocations established in this section shall be used to provide line-of-duty death benefit coverage for members in the investment plan and shall be transferred monthly by the division from the Florida Retirement System Contributions Clearing Trust Fund to the survivor benefit account of the Florida Retirement System Trust Fund.(2) Such allocations are stated as a percentage of each investment plan member’s gross compensation for the calendar month. Any change in a contribution percentage is effective the first day of the month for which retirement contributions may be made on or after the beginning date of the change. Contribution percentages may be modified by general law.(3) Allocations from the Florida Retirement System Contributions Clearing Trust Fund to provide line-of-duty death benefits for members in the investment plan and to offset the costs of administering said coverage, are as follows:Membership ClassPercentage of Gross Compensation Regular Class0.05%Special Risk Class1.26%Special Risk Administrative Support Class0.03%Elected Officers’ Class— Legislators, Governor, Lt.

as follows:Membership ClassPercentage of Gross Compensation Regular Class0.05%Special Risk Class1.26%Special Risk Administrative Support Class0.03%Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders0.15%Elected Officers’ Class— Justices, Judges0.09%Elected Officers’ Class— County Elected Officers0.20%Senior Management Service Class0.05%History.—s. 5, ch. 2016-213; s. 15, ch. 2017-88; s. 2, ch. 2019-21; s. 13, ch. 2023-193.