(1) If a police officer dies before being eligible to retire, the heirs, legatees, beneficiaries, or personal representatives of such deceased police officer shall be entitled to a refund of 100 percent, without interest, of the contributions made to the municipal police officers’ retirement trust fund by such deceased police officer or, in the event an annuity or life insurance contract has been purchased by the board on such police officer, then to the death benefits available under such life insurance or annuity contract, subject to the limitations on such death benefits set forth in s. 185.061 whichever amount is greater.
(2) If a police officer having at least 10 years of credited service dies prior to retirement, his or her beneficiary is entitled to the benefits otherwise payable to the police officer at early or normal retirement age.
In the event that a death benefit paid by a life insurance company exceeds the limit set forth in s. 185.061(6), the excess of the death benefit over the limit shall be paid to the municipal police officers’ retirement trust fund. However, death benefits as provided pursuant to s. 112.19 or any other state or federal law shall not be included in the calculation of death or retirement benefits provided under this chapter.
History.—s. 19, ch. 28230, 1953; s. 6, ch. 29825, 1955; s. 3, ch. 57-118; s. 6, ch. 59-320; s. 2, ch. 61-119; s. 15, ch. 86-42; s. 6, ch. 90-138; s. 950, ch. 95-147; s. 63, ch. 99-1.
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.