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2016 Florida Statutes

SECTION 73
Allocations for member disability coverage; percentage amounts.
F.S. 121.73
121.73 Allocations for member disability coverage; percentage amounts.
(1) The 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.
(2) The 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.
(3) Effective 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:
Membership ClassPercentage of Gross Compensation
 
Regular Class0.25%
Special Risk Class1.33%
Special Risk Administrative Support Class0.45%
Elected Officers’ Class—
 Legislators, Governor,
 Lt. Governor, Cabinet Officers,
 State Attorneys, Public Defenders
0.41%
Elected Officers’ Class—
 Justices, Judges
0.73%
Elected Officers’ Class—
 County Elected Officers
0.41%
Senior Management Service Class0.26%
History.s. 1, ch. 2002-177; s. 35, ch. 2011-68.