Fla. Stat. 185.03
Municipal police officers’ retirement trust funds; creation; applicability of provisions; participation by public safety officers

(1)

There shall be established a special fund exclusively for the purpose of this chapter, which in the case of chapter plans shall be known as the “Municipal Police Officers’ Retirement Trust Fund,” in each municipality of this state, heretofore or hereafter created, which now has or which may hereafter have a regularly organized police department, and which now owns and uses or which may hereafter own and use equipment and apparatus of a value exceeding $500 in serviceable condition for the prevention of crime and for the preservation of life and property.

(2)(a)

This chapter applies only to municipalities organized and established pursuant to the laws of the state and does not apply to the unincorporated areas of a county or to a governmental entity whose police officers are eligible to participate in the Florida Retirement System.With respect to the distribution of premium taxes, a single consolidated government consisting of a former county and one or more municipalities, consolidated pursuant to s. 3 or s. 6(e), Art. VIII of the State Constitution, is also eligible to participate under this chapter. The consolidated government shall notify the division when it has entered into an interlocal agreement to provide police services to a municipality within its boundaries. The municipality may enact an ordinance levying the tax as provided in s. 185.08. Upon being provided copies of the interlocal agreement and the municipal ordinance levying the tax, the division may distribute any premium taxes reported for the municipality to the consolidated government as long as the interlocal agreement is in effect.

(2)(a)

This chapter applies only to municipalities organized and established pursuant to the laws of the state and does not apply to the unincorporated areas of a county or to a governmental entity whose police officers are eligible to participate in the Florida Retirement System.

(b)

With respect to the distribution of premium taxes, a single consolidated government consisting of a former county and one or more municipalities, consolidated pursuant to s. 3 or s. 6(e), Art. VIII of the State Constitution, is also eligible to participate under this chapter. The consolidated government shall notify the division when it has entered into an interlocal agreement to provide police services to a municipality within its boundaries. The municipality may enact an ordinance levying the tax as provided in s. 185.08. Upon being provided copies of the interlocal agreement and the municipal ordinance levying the tax, the division may distribute any premium taxes reported for the municipality to the consolidated government as long as the interlocal agreement is in effect.

(3)

No municipality shall establish more than one retirement plan for public safety officers which is supported in whole or in part by the distribution of premium tax funds as provided by this chapter or chapter 175, nor shall any municipality establish a retirement plan for public safety officers which receives premium tax funds from both this chapter and chapter 175.

Source: Section 185.03 — Municipal police officers’ retirement trust funds; creation; applicability of provisions; participation by public safety officers, https://www.­flsenate.­gov/Laws/Statutes/2024/0185.­03 (accessed Aug. 7, 2025).

185.01
Legislative declaration 185.02
Definitions 185.03
Municipal police officers’ retirement trust funds 185.04
Actuarial deficits not state obligations 185.05
Board of trustees 185.06
General powers and duties of board of trustees 185.07
Creation and maintenance of fund 185.08
State excise tax on casualty insurance premiums authorized 185.09
Report of premiums paid 185.10
Department of Revenue and Division of Retirement to keep accounts of deposits 185.11
Funds received by municipalities, deposit in retirement trust fund 185.12
Payment of excise tax credit on similar state excise or license tax 185.13
Failure of insurer to comply with chapter 185.015
Short title 185.16
Requirements for retirement 185.18
Disability retirement 185.19
Separation from municipal service 185.21
Death prior to retirement 185.23
Duties of Division of Retirement 185.25
Exemption from tax and execution 185.30
Depository for retirement fund 185.31
Municipalities and boards independent of other municipalities and boards and of each other 185.34
Disability in line of duty 185.35
Municipalities that have their own retirement plans for police officers 185.37
Termination of plan and distribution of fund 185.38
Transfer to another state retirement system 185.39
Applicability 185.50
Retiree health insurance subsidy 185.60
Optional participation 185.061
Use of annuity or insurance policies 185.085
Determination of local premium tax situs 185.105
Police and Firefighters’ Premium Tax Trust Fund 185.161
Optional forms of retirement income 185.162
Beneficiaries 185.185
False, misleading, or fraudulent statements made to obtain public retirement benefits prohibited 185.191
Lump-sum payment of small retirement income 185.221
Annual report to Division of Retirement 185.341
Discrimination in benefit formula prohibited

Current through Fall 2025

§ 185.03. Mun. police officers’ retirement trust funds; creation; applicability of provisions; participation by public safety officers's source at flsenate​.gov