Florida Statute 185.23 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XII
MUNICIPALITIES

Chapter 185
MUNICIPAL POLICE PENSIONS

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F.S. 185.23

185.23 Duties of Division of Retirement; rulemaking authority; investments by State Board of Administration.—

(1) The division shall be responsible for the daily oversight and monitoring for actuarial soundness of the municipal police officers’ retirement plans, whether chapter or local law plans, established under this chapter, for receiving and holding the premium tax moneys collected under this chapter, and, upon determining compliance with the provisions of this chapter, for disbursing those moneys to the municipal police officers’ retirement plans. The funds to pay the expenses for such administration shall be annually appropriated from the interest and investment income earned on moneys deposited in the trust fund.

(2) The State Board of Administration shall invest and reinvest the moneys in the trust fund in accordance with ss. 215.44-215.53. Costs incurred by the board in carrying out the provisions of this section shall be deducted from the interest and investment income accruing to the trust fund.

History.—s. 20, ch. 28230, 1953; ss. 13, 35, ch. 69-106; s. 45, ch. 93-193; s. 7, ch. 95-250; s. 13, ch. 98-200; s. 65, ch. 99-1; s. 30, ch. 2000-151; s. 50, ch. 2012-116.

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Amendments to 185.23

Annotations, Discussions, Cases:

Cases Citing Statute 185.23

Total Results: 2

City of St. Petersburg v. Remia

41 So. 3d 322, 2010 Fla. App. LEXIS 10448, 2010 WL 2788287

District Court of Appeal of Florida | Filed: Jul 16, 2010 | Docket: 2398105

Cited 5 times | Published

contribution refund is a benefit. Moreover, section 185.23(2) authorizes the DOR "to adopt rules pursuant

STATE, DEPARTMENT MANAGEMENT SERVICES v. City of Delray Beach

40 So. 3d 835, 2010 Fla. App. LEXIS 10143, 2010 WL 2732873

District Court of Appeal of Florida | Filed: Jul 13, 2010 | Docket: 1667094

Cited 1 times | Published

compliance with the requirements of chapter 185. See § 185.23(1), Fla. Stat. Because the right to receive the