(1) The allocations established in subsection (3) 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 Class
Percentage of Gross Compensation
Regular Class
0.05%
Special Risk Class
1.21%
Special Risk Administrative Support Class
0.03%
Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders
0.15%
Elected Officers’ Class— Justices, Judges
0.09%
Elected Officers’ Class— County Elected Officers
0.20%
Senior Management Service Class
0.05%
History.—s. 5, ch. 2016-213; s. 15, ch. 2017-88; s. 2, ch. 2019-21.
Structure Florida Statutes
Title X - Public Officers, Employees, and Records
Chapter 121 - Florida Retirement System
Part III - Florida Retirement System Contribution Rates (Ss. 121.70-121.78)
121.70 - Legislative purpose and intent.
121.71 - Uniform rates; process; calculations; levy.
121.72 - Allocations to investment plan member accounts; percentage amounts.
121.73 - Allocations for member disability coverage; percentage amounts.
121.735 - Allocations for member line-of-duty death benefits; percentage amounts.
121.74 - Administrative and educational expenses.
121.75 - Allocation for pension plan.
121.76 - Contributions for social security and for retiree health insurance subsidy.