(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 retirement system administered by the department; two members who are active members of a state-supported retirement system that is administered by the department; and one member who is neither a retiree, beneficiary, or member of a state-supported retirement system administered by the department. Each member shall have a different occupational background from the other members.
(2) Appointments to the commission shall be made by the Governor, subject to confirmation by the Senate. Members shall be appointed for 4-year terms. Each member shall serve until a successor is appointed and confirmed, and a member may be appointed to succeed himself or herself. Should a vacancy occur, it shall be filled by appropriate appointment by the Governor for the period of the unexpired term.
(3) No person shall serve as a member who holds an elective public office of the state or any political subdivision thereof or who holds any office in, or serves as an agent for, a political party. No person shall be appointed to the commission who has not been a citizen of Florida for at least 3 years immediately prior to the appointment.
(4) The Governor may suspend a member of the commission only for cause, subject to removal or reinstatement by the Senate.
History.—s. 1, ch. 75-248; s. 61, ch. 81-259; s. 1, ch. 82-46; ss. 16, 17, ch. 86-149; s. 1, ch. 92-63; s. 327, ch. 92-279; s. 55, ch. 92-326; s. 31, ch. 94-249; s. 1428, ch. 95-147; s. 47, ch. 99-255; s. 47, ch. 2001-89; s. 22, ch. 2002-1; s. 2, ch. 2005-134.
Structure Florida Statutes
Title X - Public Officers, Employees, and Records
Chapter 121 - Florida Retirement System
Part I - General Provisions (Ss. 121.011-121.40)
121.011 - Florida Retirement System.
121.012 - Inclusive provisions.
121.025 - Administrator; powers and duties.
121.031 - Administration of system; appropriation; oaths; actuarial studies; public records.
121.0312 - Review; actuarial valuation report; contribution rate determination process.
121.045 - Consolidation of liabilities and assets; existing systems.
121.046 - Merger of the Judicial Retirement System into the Florida Retirement System Act.
121.051 - Participation in the system.
121.0511 - Revocation of election and alternative plan.
121.0515 - Special Risk Class.
121.052 - Membership class of elected officers.
121.053 - Participation in the Elected Officers’ Class for retired members.
121.055 - Senior Management Service Class.
121.081 - Past service; prior service; contributions.
121.091 - Benefits payable under the system.
121.095 - Florida Retirement System Preservation of Benefits Plan Trust Fund.
121.1001 - Florida Retirement System Preservation of Benefits Plan.
121.101 - Cost-of-living adjustment of benefits.
121.111 - Credit for military service.
121.1115 - Purchase of retirement credit for out-of-state or federal service.
121.121 - Authorized leaves of absence.
121.122 - Renewed membership in system.
121.125 - Credit for workers’ compensation payment periods.
121.131 - Benefits exempt from taxes and execution.
121.133 - Cancellation of uncashed warrants.
121.135 - Annual report to Legislature concerning state-administered retirement systems.
121.136 - Annual benefit statement to members.
121.161 - References to other laws include amendments.
121.182 - Retirement annuities authorized for city and county personnel.
121.1905 - Division of Retirement; creation.
121.191 - Special acts prohibited.
121.192 - State retirement actuary.
121.193 - External compliance audits.
121.22 - State Retirement Commission; creation; membership; compensation.
121.231 - Attorney’s fees and costs under s. 121.23(2)(a); funding.
121.24 - Conduct of commission business; legal and other assistance; compensation.
121.35 - Optional retirement program for the State University System.