The 2023 Florida Statutes (including Special Session C)

Title X
PUBLIC OFFICERS, EMPLOYEES, AND RECORDS

Chapter 121
FLORIDA RETIREMENT SYSTEM

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F.S. 121.70

121.70 Legislative purpose and intent.—

(1) This part provides for a uniform system for funding benefits provided under the Florida Retirement System Pension Plan established under part I of this chapter (referred to in this part as the pension plan) and under the Florida Retirement System Investment Plan established under part II of this chapter (referred to in this part as the investment plan). The Legislature recognizes and declares that the Florida Retirement System is a single retirement system, consisting of two retirement plans and other nonintegrated programs. Employees and employers participating in the Florida Retirement System collectively shall be responsible for making contributions to support the benefits provided under both plans. The employees and employers shall make contributions based upon uniform contribution rates determined as a percentage of the employee’s gross monthly compensation for the employee’s class or subclass of Florida Retirement System membership, irrespective of the retirement plan in which the individual employee is enrolled. This shall be known as a uniform or blended contribution rate system.

(2) In establishing a uniform contribution rate system, it is the intent of the Legislature to:

(a) Provide greater stability and certainty in financial planning and budgeting for Florida Retirement System employers by eliminating the fiscal instability that would be caused by dual rates coupled with employee-selected plan participation;

(b) Provide greater fiscal equity and uniformity for system employers by effectively distributing the financial burden and benefit of short-term system deficits and surpluses, respectively, in proportion to total system payroll; and

(c) Allow employees to make their retirement plan selection decisions free of circumstances that may cause employers to favor one plan choice over another.

History.—s. 1, ch. 2002-177; s. 32, ch. 2011-68.

F.S. 121.70 on Google Scholar

F.S. 121.70 on Casetext

Amendments to 121.70

Arrestable Offenses / Crimes under Fla. Stat. 121.70

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 121.70.

Annotations, Discussions, Cases:

Cases from cite.case.law:

SCOTT, v. WILLIAMS,, 107 So. 3d 379 (Fla. 2013)

. . . Stat. (2010); section 32 amending § 121.70, Fla. Stat. (2010); section 33 amending § 121.71, Fla. . . .

In CAMERON,, 274 B.R. 457 (Bankr. N.D. Tex. 2002)

. . . of a perfected lien on the Car, $5,628.00 over 47 months at 8% interest in monthly installments of $121.70 . . . to be paid the value of the Car ($5,628.00) in full with interest at 15% in monthly installments of $121.70 . . . filed the Modification in which she proposes to change her monthly Plan payment from $216.00 (of which $121.70 . . .

In WASHINGTON PUBLIC POWER SUPPLY SYSTEM SECURITIES LITIGATION, 779 F. Supp. 1063 (D. Ariz. 1990)

. . . Requested expenses of $121.70, $157.53 and $178.40 were sufficiently described. . . .

CARYK, v. A. COUPE,, 663 F. Supp. 1243 (D.D.C. 1987)

. . . Jose Gomez Nathanial Hardmon 0 $ 252.64 0 101.42 0 261.03 0 90.58 $ 50.53 20.28 52.21 18.12 $ 303.17 121.70 . . . Hardmon Abdul Idelbi Carlos Mascarenhas Bhanwar Singh John Stokes Betty Williams John Wilson $ 303.17 121.70 . . . 313.24 108.70 2,470.87 404.92 1,282.92 4,349.83 27.44 1,432.21 $ 303.17 121.70 313.24 108.70 2,470.87 . . .

POWER EQUIPMENT COMPANY, v. UNITED STATES, 748 F.2d 1130 (6th Cir. 1984)

. . . Lincoln County Highway [Dept.] 425.42 Smith County Highway [Dept.] 633.95 Van Burén Highway [Dept.] 121.70 . . .

v. v., 56 T.C. 1324 (T.C. 1971)

. . . The cost of the materials and supplies so removed during each of those years was $3,220.95, $100.01, $121.70 . . .

v., 42 Cust. Ct. 512 (Cust. Ct. 1959)

. . . NR6B 103.70 NR35B 92.70 NR84 92.70 NR4 429. 70 NR34 371.70 NR81 368. 70 NR23 131.70 NR39 123.70 NR74 121.70 . . .

BELLAK v. UNITED HOME LIFE INS. CO., 211 F.2d 280 (6th Cir. 1954)

. . . Howard, its authorized soliciting agent, $121.70, representing the first quarterly premium payment thereon . . . during the latter part of May it sent to the administrator of the estate of the decedent its check for $121.70 . . . Appellant claims that when Beliak paid the first quarterly premium of $121.70, agent Howard executed . . . for any reason whatsoever until after the death of Beliak, when the appellee returned the premium of $121.70 . . .

ALPIRN v. WILLIAMS STEEL SUPPLY CO., 199 F.2d 734 (7th Cir. 1952)

. . . Section 70 of the Act, Sec. 121.70, Wis. . . . held that the buyer under a Wisconsin contract could recover special damages under Secs. 121.69(6) and 121.70 . . .

HUDSON RUG REFINISHING CLEANING CORPORATION v. PRIME MFG. CO., 115 F.2d 615 (7th Cir. 1940)

. . . warranty is the loss directly and naturally resulting in the ordinary course of events and section 121.70 . . .

In HEYWARD- WILLIAMS CO. EQUITABLE TRUST CO. OF NEW YORK HOPKINS v. SHAWMUT NAT. BANK, 284 F. 983 (S.D. Ga. 1922)

. . . until a few days before such bankruptcy there was owing to the Equitable Trust Company the sum of $37,-121.70 . . .

In GRIMES, 96 F. 529 (W.D.N.C. 1899)

. . . insists that an order should be made by this court requiring Nading, trustee, to deliver to Schouler $121.70 . . .

BUTLER v. RUSSELL, 4 F. Cas. 910 (C.C.D. Mass. 1869)

. . . of the dutiable value of $1,217, and were then and there subject by law to a duty as aforesaid of $121.70 . . .