§ 121.77, Fla. Stat. · Part III. FLORIDA RETIREMENT SYSTEMCONTRIBUTION RATES
Deductions from member accounts.
Text — 2026 Florida Statutes
The State Board of Administration may authorize the third-party administrator to deduct reasonable fees and apply appropriate charges to investment plan member accounts. In no event may administrative and educational expenses exceed the portion of employer contributions earmarked for such expenses under this part, except for reasonable administrative charges assessed against member accounts of persons for whom no employer contributions are made during the calendar quarter. Investment management fees shall be deducted from member accounts, pursuant to the terms of the contract between the provider and the board.
Notes and commentary — not statutory text
History
s. 1, ch. 2002-177; s. 38, ch. 2011-68.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0121/0121.html
- Text hash
- sha256 7d2c3a41042fed0b3f91d35f68548d5bbe4a020ddd829022018d1816b2ac934c
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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