Allocations for member line-of-duty death benefits; percentage amounts

121.735

Allocations for member line-of-duty death benefits; percentage amounts.

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(1)

The allocations established in this section 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

1.26%

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.

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s. 5, ch. 2016-213; s. 15, ch. 2017-88; s. 2, ch. 2019-21; s. 13, ch. 2023-193.