Fla. Stat. 175.221
Lump-sum payment of small retirement income

For any municipality, special fire control district, chapter plan, local law municipality, local law special fire control district, or local law plan under this chapter, notwithstanding any provisions of the plan to the contrary, if the monthly retirement income payable to any person entitled to benefits hereunder is less than $100, or if the single-sum value of the accrued retirement income is less than $5,000, as of the date of retirement or termination of service, whichever is applicable, the board of trustees, in the exercise of its discretion, may specify that the actuarial equivalent of such retirement income be paid in a lump sum.

Source: Section 175.221 — Lump-sum payment of small retirement income, https://www.­flsenate.­gov/Laws/Statutes/2024/0175.­221 (accessed Aug. 7, 2025).

175.021
Legislative declaration 175.025
Short title 175.032
Definitions 175.041
Firefighters’ Pension Trust Fund created 175.051
Actuarial deficits not state obligation 175.061
Board of trustees 175.071
General powers and duties of board of trustees 175.081
Use of annuity or insurance policies 175.091
Creation and maintenance of fund 175.101
State excise tax on property insurance premiums authorized 175.111
Certified copy of ordinance or resolution filed 175.121
Department of Revenue and Division of Retirement to keep accounts of deposits 175.122
Limitation of disbursement 175.131
Funds received by municipality or special fire control district 175.141
Payment of excise tax credit on similar state excise or license tax 175.151
Penalty for failure of insurers to comply with this act 175.162
Requirements for retirement 175.171
Optional forms of retirement income 175.181
Beneficiaries 175.191
Disability retirement 175.195
False, misleading, or fraudulent statements made to obtain public retirement benefits prohibited 175.201
Death prior to retirement 175.211
Separation from service 175.221
Lump-sum payment of small retirement income 175.231
Diseases of firefighters suffered in line of duty 175.241
Exemption from tax and execution 175.261
Annual report to Division of Retirement 175.301
Depository for pension funds 175.311
Municipalities, special fire control districts, and boards independent of each other 175.333
Discrimination in benefit formula prohibited 175.341
Duties of Division of Retirement 175.351
Municipalities and special fire control districts that have their own retirement plans for firefighters 175.361
Termination of plan and distribution of fund 175.371
Transfer to another state retirement system 175.381
Applicability 175.401
Retiree health insurance subsidy 175.411
Optional participation 175.1015
Determination of local premium tax situs 175.1215
Police and Firefighters’ Premium Tax Trust Fund

Current through Fall 2025

§ 175.221. Lump-sum payment of small retirement income's source at flsenate​.gov