Fla. Stat. 175.341
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 firefighters’ pension 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 firefighters’ pension plans. The funds necessary to pay 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 collected under this chapter in accordance with ss. 215.44-215.53. Costs incurred by the board in carrying out the provisions of this subsection shall be deducted from the interest and investment income accruing to the trust fund.

Source: Section 175.341 — Duties of Division of Retirement; rulemaking authority; investments by State Board of Administration, https://www.­flsenate.­gov/Laws/Statutes/2024/0175.­341 (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

§ 175.341. Duties of Div. of Retirement; rulemaking authority; investments by State Bd. of Admin.'s source at flsenate​.gov