March 18, 2019
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The Florida Statutes

The 2009 Florida Statutes

Title X
PUBLIC OFFICERS, EMPLOYEES, AND RECORDS
Chapter 121
FLORIDA RETIREMENT SYSTEM
View Entire Chapter
Section 121.77, Florida Statutes 2009

121.77  Deductions from participant accounts.--The State Board of Administration may authorize the third-party administrator to deduct reasonable fees and apply appropriate charges to optional retirement program participant accounts. In no event shall administrative and educational expenses exceed the portion of employer contributions earmarked for such expenses under this part, except for reasonable administrative charges assessed against participant accounts of persons for whom no employer contributions are made during the calendar quarter. Investment management fees shall be deducted from participant accounts, pursuant to the terms of the contract between the provider and the board.

History.--s. 1, ch. 2002-177.

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