Florida Statute 121.72 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title X
PUBLIC OFFICERS, EMPLOYEES, AND RECORDS

Chapter 121
FLORIDA RETIREMENT SYSTEM

View Entire Chapter

F.S. 121.72

121.72 Allocations to investment plan member accounts; percentage amounts.—

(1) The allocations established in subsection (4) shall fund retirement benefits under the investment plan and shall be transferred monthly by the Division of Retirement from the Florida Retirement System Contributions Clearing Trust Fund to the third-party administrator for deposit in each participating employee’s individual account based on the membership class of the participant.

(2) The allocations are stated as a percentage of each investment plan member’s gross compensation for the calendar month. A change in a contribution percentage is effective the first day of the month for which retirement contributions may be made on or after the beginning date of the change. Contribution percentages may be modified by general law.

(3) Employer and employee contributions to member accounts shall be accounted for separately. Interest and investment earnings on contributions shall accrue on a tax-deferred basis until proceeds are distributed.

(4) Effective July 1, 2002 through June 30, 2012, allocations from the Florida Retirement System Contributions Clearing Trust Fund to investment plan member accounts are as follows:

Membership Class	Percentage of Gross Compensation

Regular Class	9.00%
Special Risk Class	20.00%
Special Risk Administrative Support Class	11.35%
Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders	13.40%
Elected Officers’ Class— Justices, Judges	18.90%
Elected Officers’ Class— County Elected Officers	16.20%
Senior Management Service Class	10.95%

(5) Effective July 1, 2012, through June 30, 2022, allocations from the Florida Retirement System Contributions Clearing Trust Fund to investment plan member accounts are as follows:

Membership Class	Percentage of Gross Compensation

Regular Class	6.30%
Special Risk Class	14.00%
Special Risk Administrative Support Class	7.95%
Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders	9.38%
Elected Officers’ Class— Justices, Judges	13.23%
Elected Officers’ Class— County Elected Officers	11.34%
Senior Management Service Class	7.67%

(6) Effective July 1, 2022, through June 30, 2023, allocations from the Florida Retirement System Contributions Clearing Trust Fund to investment plan member accounts are as follows:

Membership Class	Percentage of Gross Compensation

Regular Class	9.30%
Special Risk Class	17.00%
Special Risk Administrative Support Class	10.95%
Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders	12.38%
Elected Officers’ Class— Justices, Judges	16.23%
Elected Officers’ Class— County Elected Officers	14.34%
Senior Management Service Class	10.67%

(7) Effective July 1, 2023, allocations from the Florida Retirement System Contributions Clearing Trust Fund to investment plan member accounts are as follows:

Membership Class	Percentage of Gross Compensation

Regular Class	11.30%
Special Risk Class	19.00%
Special Risk Administrative Support Class	12.95%
Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders	14.38%
Elected Officers’ Class— Justices, Judges	18.23%
Elected Officers’ Class— County Elected Officers	16.34%
Senior Management Service Class	12.67%

History.—s. 1, ch. 2002-177; s. 34, ch. 2011-68; s. 5, ch. 2012-146; s. 3, ch. 2022-159; s. 11, ch. 2023-193.

F.S. 121.72 on Google Scholar

F.S. 121.72 on Casetext

Amendments to 121.72

Arrestable Offenses / Crimes under Fla. Stat. 121.72

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 121.72.

Annotations, Discussions, Cases:

Cases Citing Statute 121.72

Total Results: 20

Intervest Construction of Jax, Inc. v. General Fidelity Insurance Company

Court: Fla. | Date Filed: 2014-02-06T00:00:00-08:00

Citation: 133 So. 3d 494, 39 Fla. L. Weekly Supp. 75, 2014 WL 463309, 2014 Fla. LEXIS 568

Snippet: 5th DCA 1986) (quoting Boley v. Daniel, 72 Fla. 121, 72 So. 644, 645 (1916)). Florida recognizes two types

Velazquez v. Serrano

Court: Fla. Dist. Ct. App. | Date Filed: 2010-07-28T00:00:00-07:00

Citation: 43 So. 3d 82, 2010 Fla. App. LEXIS 10863, 2010 WL 2925402

Snippet: whom he has paid. *84 Boley v. Daniel, 72 Fla. 121, 72 So. 644, 645 (1916). Subrogation "is not allowed

Aurora Loan Services LLC v. Senchuk

Court: Fla. Dist. Ct. App. | Date Filed: 2010-04-13T00:00:00-07:00

Citation: 36 So. 3d 716, 2010 Fla. App. LEXIS 4869, 2010 WL 1445185

Snippet: subrogation in this context was Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). In Boley, Daniel made a loan for…prejudice. . . . . In Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916), the Florida Supreme Court clearly

Espinal v. State, Agency for Health Care Administration

Court: Fla. Dist. Ct. App. | Date Filed: 2009-01-21T00:00:00-08:00

Citation: 1 So. 3d 316, 2009 Fla. App. LEXIS 344, 2009 WL 128272

Snippet: recover the funds. See Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). Unfortunately, however, this claim

Coltea v. Coltea

Court: Fla. Dist. Ct. App. | Date Filed: 2003-10-01T00:53:00-07:00

Citation: 856 So. 2d 1047

Snippet: is applicable."); Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916) (equity will not apply doctrine

Suntrust Bank v. Riverside Nat. Bank

Court: Fla. Dist. Ct. App. | Date Filed: 2001-08-29T00:53:00-07:00

Citation: 792 So. 2d 1222

Snippet: significantly distinguished Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916), where it had denied such relief…is applicable."); Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916) (equity will not apply doctrine

Appel v. FLA., DIV. OF LICENSING

Court: Fla. Dist. Ct. App. | Date Filed: 1999-06-25T00:53:00-07:00

Citation: 734 So. 2d 1180

Snippet: DCA 1995), Florida Administrative Code Rule 4-121.072 provided that "[t]he Department shall allow…proceedings and the word "submit" in rule 4-121.072. We therefore hold that Appel has the benefit of

Wolf v. Spariosu

Court: Fla. Dist. Ct. App. | Date Filed: 1998-01-13T23:53:00-08:00

Citation: 706 So. 2d 881

Snippet: So.2d at 1325; but cf. Boley v. Daniel, 72 Fla. 121, 72 So. 644, 645 (1916) (subrogation rights did not

DADE CO. SCH. BD. v. Radio Station WQBA

Court: Fla. Dist. Ct. App. | Date Filed: 1997-05-07T00:53:00-07:00

Citation: 699 So. 2d 701

Snippet: of its own to protect. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916); Fortenberry v. Mandell, 271 So.2d

Beacon Finance, Inc. v. Department of Insurance, State of Florida

Court: Fla. Dist. Ct. App. | Date Filed: 1995-05-18T00:00:00-07:00

Citation: 656 So. 2d 197, 1995 Fla. App. LEXIS 5343, 1995 WL 298948

Snippet: Beacon’s exceptions were not timely under rule 4-121.072, Florida Administrative Code, because they were…’s exceptions to the recommended order. Rule 4-121.072, Florida Administrative Code, provides that “[t

Fijnje v. State

Court: Fla. Dist. Ct. App. | Date Filed: 1992-11-24T00:00:00-08:00

Citation: 609 So. 2d 672, 1992 Fla. App. LEXIS 11765, 1992 WL 353389

Snippet: apply to mere volunteers, Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916), it will arise when a party discharges

Transport Intern. Pool v. Pat Salmon & Sons of Fla.

Court: Fla. Dist. Ct. App. | Date Filed: 1992-11-17T23:53:00-08:00

Citation: 609 So. 2d 658

Snippet: ; Id. at 206 (quoting Boley v. Daniel, 72 Fla. 121, 72 So. 644, 645 (1916). The Fifth District in West

Earle v. Southeast Bank, N.A.

Court: Fla. Dist. Ct. App. | Date Filed: 1991-12-20T00:00:00-08:00

Citation: 590 So. 2d 1072, 1991 Fla. App. LEXIS 12680, 1991 WL 272646

Snippet: make the payment. See Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). However, the requirement that the

C.T.W. Co. v. Rivergrove Apartments, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 1991-05-24T00:00:00-07:00

Citation: 582 So. 2d 18, 1991 WL 85553

Snippet: interest in the property. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916); Eastern Nat’l Bank v. Glendale

Mortoro v. Maloney

Court: Fla. Dist. Ct. App. | Date Filed: 1991-05-16T00:00:00-07:00

Citation: 580 So. 2d 822, 1991 Fla. App. LEXIS 4545, 1991 WL 77663

Snippet: creditor who has been paid. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). It is true, as argued by First

ATTORNEYS'TITLE INS. FUND, INC. v. Punta Gorda Isles, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 1989-08-11T00:53:00-07:00

Citation: 547 So. 2d 1250

Snippet: lawful claim or right. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). Thus, the comparison between contribution

Kala Investments, Inc. v. Sklar

Court: Fla. Dist. Ct. App. | Date Filed: 1989-01-30T23:53:00-08:00

Citation: 538 So. 2d 909

Snippet: acting without obligation. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). There is substantial support for

Photomagic Industries, Inc. v. Broward Bank

Court: Fla. Dist. Ct. App. | Date Filed: 1988-05-10T00:53:00-07:00

Citation: 526 So. 2d 136

Snippet: right of subrogation. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916); Eastern Nat'l Bank v. Glendale

Transamerica Ins. Co. v. Barnett Bank of Marion County, NA

Court: Fla. Dist. Ct. App. | Date Filed: 1988-03-23T23:53:00-08:00

Citation: 524 So. 2d 439

Snippet: 552 (Fla. 1951). [5] Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916); Eastern Nat'l Bank v. Glendale

Eastern Nat. Bk. v. Glendale Fed. Sav.

Court: Fla. Dist. Ct. App. | Date Filed: 1987-06-23T00:53:00-07:00

Citation: 508 So. 2d 1323

Snippet: apply to mere volunteers. Boley v. Daniel, 72 Fla. 121, 72 So. 644 (1916). It is governed by the operation