(1) It is hereby found and declared by the Legislature that police officers as hereinafter defined perform both state and municipal functions; that they make arrests for violations of state traffic laws on public highways; that they keep the public peace; that they conserve both life and property; and that their activities are vital to public welfare of this state. Therefore the Legislature declares that it is a proper and legitimate state purpose to provide a uniform retirement system for the benefit of police officers as hereinafter defined and intends, in implementing the provisions of s. 14, Art. X of the State Constitution as they relate to municipal police officers’ retirement trust fund systems and plans, that such retirement systems or plans be managed, administered, operated, and funded in such manner as to maximize the protection of police officers’ retirement trust funds. Therefore, the Legislature hereby determines and declares that the provisions of this act fulfill an important state interest.
(2) This chapter hereby establishes, for all municipal pension plans provided for under this chapter, including chapter plans and local law plans, minimum benefits and minimum standards for the operation and funding of such plans, hereinafter referred to as municipal police officers’ retirement trust funds, which must be met as conditions precedent to the plan or plan sponsor’s receiving a distribution of insurance premium tax revenues under s. 185.10. Minimum benefits and minimum standards for each plan may not be diminished by local ordinance or by special act of the Legislature and may not be reduced or offset by any other local, state, or federal plan that includes police officers in its operation, except as provided under s. 112.65.
History.—s. 1, ch. 28230, 1953; s. 1, ch. 86-42; s. 41, ch. 99-1; s. 8, ch. 2015-39.
Structure Florida Statutes
Chapter 185 - Municipal Police Pensions
185.01 - Legislative Declaration.
185.04 - Actuarial Deficits Not State Obligations.
185.06 - General Powers and Duties of Board of Trustees.
185.061 - Use of Annuity or Insurance Policies.
185.07 - Creation and Maintenance of Fund.
185.08 - State Excise Tax on Casualty Insurance Premiums Authorized; Procedure.
185.085 - Determination of Local Premium Tax Situs.
185.09 - Report of Premiums Paid; Date Tax Payable.
185.105 - Police and Firefighters’ Premium Tax Trust Fund.
185.11 - Funds Received by Municipalities, Deposit in Retirement Trust Fund.
185.12 - Payment of Excise Tax Credit on Similar State Excise or License Tax.
185.13 - Failure of Insurer to Comply With Chapter; Penalty.
185.16 - Requirements for Retirement.
185.161 - Optional Forms of Retirement Income.
185.18 - Disability Retirement.
185.19 - Separation From Municipal Service; Refunds.
185.191 - Lump-Sum Payment of Small Retirement Income.
185.21 - Death Prior to Retirement; Refunds of Contributions or Payment of Death Benefits.
185.221 - Annual Report to Division of Retirement; Actuarial Valuations.
185.25 - Exemption From Tax and Execution.
185.30 - Depository for Retirement Fund.
185.31 - Municipalities and Boards Independent of Other Municipalities and Boards and of Each Other.
185.34 - Disability in Line of Duty.
185.35 - Municipalities That Have Their Own Retirement Plans for Police Officers.
185.37 - Termination of Plan and Distribution of Fund.
185.38 - Transfer to Another State Retirement System; Benefits Payable.