Florida Statute 121.045 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title X
PUBLIC OFFICERS, EMPLOYEES, AND RECORDS

Chapter 121
FLORIDA RETIREMENT SYSTEM

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F.S. 121.045

121.045 Consolidation of liabilities and assets; existing systems.—

(1) Effective December 1, 1970, the existing systems and the Florida Retirement System shall be consolidated and the system shall assume:

(a) All liabilities related to the payment of benefits to members and their beneficiaries; and

(b) All obligations in regard to funding and administering benefits accrued for the benefit of members, beneficiaries, and survivors.

(2) The administrator or trustees, where there may be a conflict in law, of the respective trust fund or funds held under the existing systems shall, as of December 1, 1970, cause to be transferred to the system trust funds all assets, including moneys, securities, and other property accumulated to date, as well as all liabilities and obligations connected therewith. Upon such transfer of assets, liabilities, and obligations, the administrator shall become the trustee of any trust fund or funds transferred to this system.

History.—s. 4, ch. 70-112.

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Amendments to 121.045

Arrestable Offenses / Crimes under Fla. Stat. 121.045

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 121.045.

Annotations, Discussions, Cases:

Cases Citing Statute 121.045

Total Results: 3

Ago

Court: Fla. Att'y Gen. | Date Filed: 1980-08-26T00:53:00-07:00

Snippet: and trustees appointed therefor, see, e.g., s. 121.045(2), F. S.; chs. 175 (Municipal Firefighters'

Martin v. Williams

Court: Fla. Dist. Ct. App. | Date Filed: 1978-11-28T00:00:00-08:00

Citation: 364 So. 2d 549, 1978 Fla. App. LEXIS 17037

Snippet: existing system subject to the provision of § 121.045.” Pursuant to the last quoted statute, while appellant

Fisher v. City of Miami

Court: Fla. Dist. Ct. App. | Date Filed: 1964-01-27T23:53:00-08:00

Citation: 160 So. 2d 57

Snippet: in the case of Smith v. Bagwell, 19 Fla. 117, 121, 45 Am.Rep. 12. The description of the term has often