Fla. Stat. 238.325
Statements of purpose and intent and other provisions required for qualification under the Internal Revenue Code of the United States

(1)

The purpose of this chapter is to provide pension benefits for the exclusive benefit of the member employees or their beneficiaries.

(2)

No part of the principal or income of the trust fund created hereunder shall be used or diverted for purposes other than for the exclusive benefit of the member employees or their beneficiaries and for the payment of administrative cost.

(3)

Forfeitures, if any, shall not be applied to increase the benefits any member employee would otherwise receive under this chapter.

(4)

Upon termination or partial termination, upon discontinuance of contributions, abandonment, or merger, or upon consolidation or amendment of this chapter, the rights of all affected employees to benefits accrued as of the date of any of the foregoing events, or the amounts credited to the account of any member employee, shall be and continue thereafter to be nonforfeitable except as otherwise provided by law.

(5)

No benefit hereunder shall exceed the maximum amount allowable by law for qualified pension plans under existing or hereafter-enacted provisions of the Internal Revenue Code of the United States.

(6)

The compensation limits established by s. 401(a)(17) of the Internal Revenue Code prior to the Omnibus Budget Reconciliation Act of 1993, and adjusted for changes in the cost of living since 1989, in the manner provided by s. 401(a)(17) of the Internal Revenue Code of 1991, were part of the Teachers’ Retirement System of Florida on July 1, 1993.

(7)

Except as otherwise provided herein, the provisions of this section are declaratory of the legislative intent upon the original enactment of this chapter and are hereby deemed to have been in effect from such date.

Source: Section 238.325 — Statements of purpose and intent and other provisions required for qualification under the Internal Revenue Code of the United States, https://www.flsenate.gov/Laws/Statutes/2024/0238.325 (accessed Aug. 7, 2025).

238.01
Definitions 238.02
Name and date of establishment 238.03
Administration 238.05
Membership 238.06
Membership application, creditable service, and time for making contributions 238.07
Regular benefits 238.08
Optional benefits 238.09
Method of financing 238.10
Management of funds 238.11
Collection of contributions 238.12
Duties of employers 238.13
Limitation on membership 238.14
Protection against fraud 238.15
Exemption of funds from taxation, execution, and assignment 238.16
Penalties 238.17
Employees of nonprofit professional association or corporation of teachers functioning on a statewide basis 238.021
Teachers’ Retirement System 238.31
Provision for modification of plan E 238.32
Service credit in disputed cases 238.071
Social security benefits 238.072
Special service provisions for extension personnel 238.171
Monthly allowance 238.172
Proof required 238.173
Monthly allowance to widows or widowers of pensioners 238.174
Appropriation for monthly allowance to incapacitated teachers 238.175
Members with prior service in federally operated state schools 238.181
Reemployment after retirement 238.183
Developmental research school and Florida School for the Deaf and the Blind instructional personnel 238.184
Charter school instructional personnel 238.325
Statements of purpose and intent and other provisions required for qualification under the Internal Revenue Code of the United States

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Fla. Stat. 238.325 Statements of purpose and intent and other provisions required for qualification under the Internal Revenue Code of the United States

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Fla. Stat. 238.325
Statements of purpose and intent and other provisions required for qualification under the Internal Revenue Code of the United States