Fla. Stat. 112.21
Tax-sheltered annuities or custodial accounts for employees of governmental agencies

(1)

Any such annuity contract or custodial account shall be in such form, and be based upon such terms, as will qualify the payments thereon for tax deferment under the United States Internal Revenue Code. Such insurance annuity, savings, or investment products shall be underwritten and offered, in compliance with the applicable federal and state laws and regulations, by persons who are duly authorized by applicable state and federal authorities. All records identifying individual participants in any contract or account under this section and their personal account activities shall be confidential and are exempt from the provisions of s. 119.07(1).

(2)

The amount of such reduction shall not exceed the amount excludable from income under s. 403(b) of the United States Internal Revenue Code and amendments and successor provisions thereto and shall be considered a part of the employee’s salary for all purposes other than federal income taxation.

(3)

The purchase of such tax-sheltered annuity or other investment qualified under the United States Internal Revenue Code and not prohibited under the laws of this state for an employee shall impose no liability or responsibility whatsoever on the employing agency except to show that the payments have been remitted for the purposes for which deducted.

Source: Section 112.21 — Tax-sheltered annuities or custodial accounts for employees of governmental agencies, https://www.­flsenate.­gov/Laws/Statutes/2024/0112.­21 (accessed Aug. 7, 2025).

112.05
Retirement 112.08
Group insurance for public officers, employees, and certain volunteers 112.09
Evidence of election to provide insurance 112.10
Deduction and payment of premiums 112.11
Participation voluntary 112.011
Disqualification from licensing and public employment based on criminal conviction 112.13
Insurance additional to workers’ compensation 112.14
Purpose and intent of law 112.18
Firefighters and law enforcement or correctional officers 112.19
Law enforcement, correctional, and correctional probation officers 112.21
Tax-sheltered annuities or custodial accounts for employees of governmental agencies 112.021
Florida residence unnecessary 112.22
Use of applications from foreign countries of concern prohibited 112.23
Government-directed content moderation of social media platforms prohibited 112.042
Discrimination in county and municipal employment 112.043
Age discrimination 112.044
Public employers, employment agencies, labor organizations 112.046
Political party committee membership allowed 112.048
Voluntary retirement with half pay authorized for elective officers of cities or towns 112.061
Per diem and travel expenses of public officers, employees, and authorized persons 112.062
Cabinet members 112.063
Reimbursement of county employees for educational expenses 112.081
Circuit judges, participation 112.0111
Restrictions on the employment of ex-offenders 112.151
Group hospitalization insurance for county officers and employees 112.153
Local governmental group insurance plans 112.161
Change in position or reclassification 112.171
Employee wage deductions 112.175
Employee wages 112.181
Firefighters, paramedics, emergency medical technicians, law enforcement officers, correctional officers 112.182
“Firefighter rule” abolished 112.191
Firefighters 112.193
Law enforcement, correctional, and correctional probation officers’ commemorative service awards 112.194
Law enforcement and correctional officers’ Medal of Valor 112.215
Government employees 112.217
Department of Highway Safety and Motor Vehicles 112.218
Department of Highway Safety and Motor Vehicles personnel files 112.219
Substitution of work experience for postsecondary educational requirements 112.0455
Drug-Free Workplace Act 112.0501
Ratification of certain dual retirements 112.0515
Retirement or pension rights unaffected by consolidation or merger of governmental agencies 112.0801
Group insurance 112.0804
Health insurance for retirees under the Florida Retirement System 112.0805
Employer notice of insurance eligibility to employees who retire 112.1815
Firefighters, paramedics, emergency medical technicians, and law enforcement officers 112.1816
Firefighters 112.1911
Emergency medical technicians and paramedics 112.1912
First responders 112.1913
Effect of ch. 2003-412 112.1915
Teachers and school administrators 112.1921
Administrative leave for law enforcement officers 112.18155
Correctional officers

Current through Fall 2025

§ 112.21. Tax-sheltered annuities or custodial accounts for employees of governmental agencies's source at flsenate​.gov