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The Florida Statutes

The 2009 Florida Statutes

Title X
Chapter 121
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Section 121.73, Florida Statutes 2009

121.73  Allocations for optional retirement program participant disability coverage; percentage amounts.--

(1)  The allocations established in subsection (3) shall be used to provide disability coverage for participants in the optional retirement program 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 optional retirement program participant's gross compensation for the calendar month. A change in a contribution percentage is effective the first day of the month for which a full month's employer contribution 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 FRS Contribution Clearing Fund to provide disability coverage for participants in the optional retirement program, and to offset the costs of administering said coverage, shall be as follows:
Membership Class Percentage 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
Elected Officers' Class -
  Justices, Judges
Elected Officers' Class -
  County Elected Officers
Senior Management Service Class0.26%

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

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