Fla. Stat. 185.191
Lump-sum payment of small retirement income

For any municipality, chapter plan, local law municipality, or local law plan under this chapter, notwithstanding any provision 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 $2,500 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 185.191 — Lump-sum payment of small retirement income, https://www.­flsenate.­gov/Laws/Statutes/2024/0185.­191 (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

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