Florida Statute 238.03 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XVI
TEACHERS' RETIREMENT SYSTEM; HIGHER EDUCATIONAL FACILITIES BONDS

Chapter 238
TEACHERS' RETIREMENT SYSTEM

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F.S. 238.03

238.03 Administration.—

(1) The general administration and the responsibility for the proper operation of the retirement system and for making effective the provisions of this chapter are vested in the Department of Management Services.

(2) The department shall keep in convenient form such data as shall be necessary for actuarial valuation of the various funds created by this chapter and for checking the experience of the retirement system.

(3) The Department of Legal Affairs shall be the legal adviser of the department.

(4) The department shall employ such agents, servants and employees as in its judgment may be necessary to carry out the terms and provisions of this chapter and shall provide for their compensation. Among the employees of the department shall be an actuary who shall be the technical adviser of the department on matters regarding the operation of the funds created by the provisions of this chapter and who shall perform such other duties as are required in connection therewith.

(5) In the year 1943 and at least once in each 5-year period thereafter, the actuary shall make an actuarial investigation of the mortality, service and salary experience of the members and beneficiaries as defined in this chapter, and shall make a valuation of the various funds created by the chapter, and having regard to such investigation and valuation, the department shall adopt such mortality and service tables as shall be deemed necessary, and shall certify the rates of contribution payable under the provisions of this chapter.

(6) The actuary shall make an annual valuation of the assets and liabilities of the funds of the retirement system on the basis of the tables adopted by the department in accordance with the requirements of this section, and shall prepare an annual statement of the amounts to be contributed by the state in accordance with s. 238.09.

(7) The department shall publish annually the valuation, as certified by the actuary, of the assets and liabilities of the various funds created by this chapter, a statement as to the receipts and disbursements of the funds, and a statement as to the accumulated cash and securities of the funds.

(8) The department shall keep a record of all of its proceedings and such record shall be open to inspection by the public.

History.—s. 3, ch. 19014, 1939; CGL 1940 Supp. 892(158); s. 1, ch. 28109, 1953; s. 2, ch. 29942, 1955; s. 19, ch. 63-400; ss. 11, 31, 35, ch. 69-106; s. 1, ch. 69-184; s. 64, ch. 71-377; s. 1, ch. 73-326; s. 95, ch. 92-279; s. 55, ch. 92-326; s. 37, ch. 94-249; s. 75, ch. 99-255; s. 29, ch. 2004-335; s. 18, ch. 2013-18.

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Amendments to 238.03

Arrestable Offenses / Crimes under Fla. Stat. 238.03

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 238.03.

Annotations, Discussions, Cases:

Cases Citing Statute 238.03

Total Results: 8

Insko v. State

Court: Supreme Court of Florida | Date Filed: 2007-09-20

Citation: 969 So. 2d 992, 2007 WL 2727127

Snippet: District's decision in Jesus. Glover, 863 So.2d at 238. [3] As we recently explained, the jury's "pardon

Manis v. State

Court: District Court of Appeal of Florida | Date Filed: 1988-08-05

Citation: 528 So. 2d 1342, 1988 WL 80896

Snippet: guilty and in which his blood alcohol level was .238. 3. Defendant committed a prior identical crime, yet

Salz v. DEPT. OF ADMIN., DIV. OF RET.

Court: District Court of Appeal of Florida | Date Filed: 1983-06-21

Citation: 432 So. 2d 1376, 12 Educ. L. Rep. 188

Snippet: is administered by the Division of Retirement. § 238.03, Fla. Stat. (1981).

Ago

Court: Florida Attorney General Reports | Date Filed: 1980-06-18

Snippet: 1979); and County of Dade v. Molony,175 So.2d 238 (3 D.C.A. Fla., 1965). In like manner, it appears

Ago

Court: Florida Attorney General Reports | Date Filed: 1976-08-25

Snippet: D.C.A. Fla., 1963); Fell v. Messeroff,145 So.2d 238 (3 D.C.A. Fla., 1962). Likewise, applying the use

Ago

Court: Florida Attorney General Reports | Date Filed: 1974-07-25

Snippet: to one percent times A.F.C. times Y.C.S. Section 238.03(4), F.S., requires the division to employ an actuary

Nickles v. State

Court: Supreme Court of Florida | Date Filed: 1904-06-15

Citation: 48 Fla. 46

Snippet: 518; Alabama G. S. R. Co. v. Yarbrough, 83 Ala. 238, 3 South. Rep. 447; Healy v. Visalia & T. R. Co.,

Mernaugh v. City of Orlando

Court: Supreme Court of Florida | Date Filed: 1899-06-15

Citation: 41 Fla. 433

Snippet: wherein it is suspended. Winterton v. State, 65 Miss. 238, 3 South. Rep. 735.; Hearn v. Brogan, 64 Miss. 334