eLaws of Florida

  SECTION 121.73. Allocations for member disability coverage; percentage amounts.  


Latest version.
  • 1(1) 2The allocations established in subsection (3) shall be used to provide disability coverage for members in the investment plan and shall be transferred monthly by the Division of Retirement from the Florida Retirement System Contributions Clearing Trust Fund to the disability account of the Florida Retirement System Trust Fund.
    51(2) 52The allocations are stated as a percentage of each investment plan member’s gross compensation for the calendar month. A 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.
    108(3) 109Effective July 1, 2002, allocations from the Florida Retirement System Contributions Clearing Trust Fund to provide disability coverage for members in the investment plan, and to offset the costs of administering said coverage, are as follows:
    145Membership Class147Percentage of Gross Compensation
    151Regular Class1530.25%
    154Special Risk Class1571.33%
    158Special Risk Administrative Support Class1630.45%
    164Elected Officers’ Class-
    167Legislators, Governor,
    169Lt. Governor, Cabinet Officers,
    173State Attorneys, Public Defenders
    1770.41%
    178Elected Officers’ Class-
    181Justices, Judges
    1830.73%
    184Elected Officers’ Class-
    187County Elected Officers
    1900.41%
    191Senior Management Service Class1950.26%
History.-s. 1, ch. 2002-177; s. 35, ch. 2011-68.