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2016 Florida Statutes

SECTION 735
Allocations for member line-of-duty death benefits; percentage amounts.
F.S. 121.735
121.735 Allocations for member line-of-duty death benefits; percentage amounts.
(1) The allocations established in subsection (3) shall be used to provide line-of-duty death benefit coverage for Special Risk Class 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) Effective July 1, 2016, allocations from the Florida Retirement System Contributions Clearing Trust Fund to provide line-of-duty death benefits for Special Risk Class members in the investment plan and to offset the costs of administering said coverage, are as follows:
Membership ClassPercentage of Gross Compensation
 
Special Risk Class0.82%
History.s. 5, ch. 2016-213.