Florida Statute 121.70 | 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. 121.70

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 Citing Statute 121.70

Total Results: 6

Scott v. Williams

Court: Fla. | Date Filed: 2013-01-17T00:00:00-08:00

Citation: 107 So. 3d 379, 38 Fla. L. Weekly Supp. 25, 55 Employee Benefits Cas. (BNA) 2267, 2013 Fla. LEXIS 65, 2013 WL 173955

Snippet: 121.571, Fla. Stat. (2010); section 32 amending § 121.70, Fla. Stat. (2010); section 33 amending § 121.71

Florida Bar v. Wells

Court: Fla. | Date Filed: 1992-06-04T00:00:00-07:00

Citation: 602 So. 2d 1236

Snippet: . Lauria, a court reporter, in the amount of $1,121.70 drawn on the Columbia Bank, which the bank returned

Platt v. Deese

Court: Fla. Dist. Ct. App. | Date Filed: 1974-08-20T00:53:00-07:00

Citation: 298 So. 2d 573

Snippet: the representations. McGhee v. Bell, [170 Mo. 121, 70 S.W. 493] supra; Phifer v. Steenburg, supra; 27

Fette v. Fette

Court: Fla. Dist. Ct. App. | Date Filed: 1970-07-22T00:00:00-07:00

Citation: 237 So. 2d 628

Snippet: PER CURIAM. Affirmed. Nos. 70-121, 70-122 District Court of Appeal of Florida fladistctapp

Winstead v. State

Court: Fla. | Date Filed: 1956-11-27T23:53:00-08:00

Citation: 91 So. 2d 809

Snippet: 22 S.E.2d 871; and Carey v. State, 70 Ohio St. 121, 70 N.E. 955. It follows that the appellant in the

Firstbrook v. Buzbee

Court: Fla. | Date Filed: 1931-02-12T00:00:00-08:00

Citation: 132 So. 673, 101 Fla. 876

Snippet: on Real Property, 401; McGhee v. Bell, 170 Mo. 121, 70 S.W. 493. Misrepresentations having been made by