Loading...
95-O-13 " ...... .."" ORDINANCE NO. 95-0-13 AN ORDINANCE OF THE CITY COUNCIL OF EDGEWATER, FLORIDA, AMENDING ORDINANCE NOS. 90-0-27 AND 94-0-11 REGARDING THE FIREFIGHTERS' PENSION FUND; DECLARING THE FUND TO BE A LOCAL PLAN; ESTABLISHING THE EFFECTIVE DATE OF THE FUND; PROVIDING THAT THE PROVISIONS OF CHAPTER 175, FLORIDA STATUTES, SHALL APPLY EXCEPT FOR THE DEFINITION OF SALARY, THE REQUIRED VESTING PERIOD AND THE PERCENTAGE OF A FIREFIGHTER'S AVERAGE FINAL COMPENSATION APPLIED TO DETERMINE THE MONTHLY RETIREMENT INCOME; PROVIDING FOR FILING WITH THE DIVISION OF RETIREMENT OF THE FLORIDA DEPARTMENT OF MANAGEMENT SERVICES; PROVIDING FOR CONFLICTING PROVISIONS, SEVERABILITY AND APPLICABILITY; PROVIDING AN EFFECTIVE DATE AND FOR ADOPTION. WHEREAS, the City Council of the City of Edgewater, Florida, has made the following determinations: 1. On May 16, 1994, the City Council adopted Ordinance No. 94-0-11 amending Ordinance No. 90-0-27 which established the Firefighters' Pension Fund effective July 2, 1990. Upon submittal of the ordinance to the Division of Retirement Services, Staff was advised of additional administrative requirements triggered by the deviations from the provisions of Chapter 175, Florida Statutes, contained in that ordinance. 2. It is necessary to amend Ordinance No. 94-0-11 accordingly. NOW, THEREFORE, BE IT ENACTED by the People of the City of Edgewater, Florida: PART A. AMENDMENT OF ORDINANCE NOS. 90-0-27 AND 94-0-11 Ordinance Nos. 94-0-11 and 90-0-27 are amended as follows: Section 1. Declaring the Firefighters' Pension Fund to be a Local Plan Pursuant to the adoption of Ordinance No. 94-0-11 by the City Council on May 16, 1994, the Firefighters' Pension Fund is hereby declared to be a Local Plan. Section 2. Amending the Effective Date of the Firefighters Pension Fund The effective date of the Firefighters' Pension Fund is hereby changed from July 2, 1990, to November 13, 1989. Struck through passages are deleted. Underlined passages are added. 95-0-13 1 \ ~ ..." Section 3. Incorporating the provisions of Chapter 175, Florida Statutes, Except as Provided Herein The provisions of Chapter 175, Florida Statutes, shall be effective and constitute the Firefighters' Pension Plan except as specifically set forth herein. Accordingly, Chapter 175, Florida Statutes (1993) and the amendments provided for in Chapter 175, Florida Statutes (1994) are attached hereto and incorporated by reference as Exhibit A. Section 4. Amending the Definition of Salary For the purposes of this plan, the definition of salary set forth in Section 175.032(7) is hereby revised to read as follows: "Salary" means the total cash renumeration paid a firefighter for services rendered. The City understands and acknowledges that it has no authority to amend Chapter 175. Section 5. Changing the Required Vesting Period A five (5) year vesting period is hereby established as opposed to the ten (10) year vesting period provided for in Chapter 175. In order to clarify the provisions of this plan, those sections of Chapter 175 effected by this change are set forth below as they are revised to read for the purposes of this plan. The City understands and acknowledges that it has no authority to amend Chapter 175. Section 175.162 Requirements for retirement. - Any firefighter who completes 5 or more years of creditable service as a firefighter and attains age 55, or completes 25 years of creditable service as a firefighter and attains age 52, and who for such minimum period has been a member of the firefighters' pension trust fund is eligible for normal retirement benefits. Section 175.162(1) The normal retirement date of each firefighter will be the first day of the month coincident with or next following the date on which he has completed 5 or more years of creditable service and attained age 55 or completed 25 years of creditable service and attained age 52. Struck through passages are deleted. Underlined passages are added. 95-0-13 2 '-" ..., Section 175.191 Disability retirement.- (1) A firefighter having 5 or more continuous years of creditable service and having contributed to the firefighters' pension trust fund for 5 years or more may retire from the service of the municipality or special fire control district under the plan if, prior to his normal retirement date, he becomes totally and permanently disabled as defined in subsection (2) by reason of any cause other than a cause set out in subsection (3) on or after the effective date of the plan. (5) If after 5 years of service the disability is other than in the line of duty, the firefighter's monthly benefit shall be the accrued normal retirement benefit, but shall not be less than 25 percent of the average monthly salary at the time of disability. Section 175.201 Death prior to retirement; refunds of contributions; death benefits.- If a firefighter dies prior to retirement but has at least 5 years of contributing service, his beneficiary is entitled to the benefits otherwise payable to the firefighter at early or normal retirement age. Section 175.211 Separation from service; refunds.- If a firefighter leaves the service of the municipality or special fire control district before accumulating aggregate time of 5 years toward retirement and before being eligible to retire under the provisions of this chapter, he shall be entitled to a refund of all of his contributions made to the firefighters' pension trust fund after July 1, 1963, without interest, less any disability benefits paid to him after July 1, 1963. If a firefighter who has been in the service of the municipality or special fire control district for at least 5 years and has contributed to the firefighters' pension trust fund, such firefighter upon attaining the age of 50 years may retire at the actuarial equivalent amount of such retirement income otherwise payable to him. Section 6. Percentage of Firefighter's Average Final Compensation Applied to Determine Monthly Retirement Income The percentage of a firefighter's average final compensation Struck throuqh passages are deleted. Underlined passages are added. 95-0-13 3 'W' .."" applied to determine the monthly retirement ~ncome is hereby established to be 2.5 as opposed to the 2 percent established in Chapter 175. In order to clarify the provisions of this plan, the section of Chapter 175 effected by this change is set forth below as it is revised to read for the purposes of this plan. The City understands and acknowledges that it has no authority to amend Chapter 175. Section 175.162 Requirements for retirement.- (2)(a) The amount of monthly retirement income payable to a full- time firefighter who retires on or after his normal retirement date shall be an amount equal to the number of his years of credited service multiplied by 2.5 percent of his average final compensation as a full-time firefighter. Section 7. Effectiveness of Remainder of Chapter 175, Florida Statutes All other provisions of Chapter 175, Florida Statutes, shall remain in full force and effect. Section 8. Filing with the Division of Retirement Upon adoption, a copy of this Ordinance shall be filed with the Division of Retirement of the Florida Department of Management Services. PART B. CONFLICTING PROVISION. All conflicting ordinances and resolutions, or parts thereof in conflict with this ordinance, are hereby superseded by this ordinance to the extent of such conflict. PART C. SEVERABILITY AND APPLICABILITY. If any portion of this ordinance is for any reason held or declared to be unconstitutional, inoperative, or void, such holding shall not affect the remaining portions of this ordinance. If this ordinance or any provisions thereof shall be held to be inapplicable to any person, property, or circumstances, such holding shall not affect its applicability to any other person, property, or circumstance. Struok through passages are deleted. Underlined passages are added. 95-0-13 4 PART D. EFFECTIVE DATE. This Ordinance shall take effect upon adoption. PART E. ADOPTION. After Motion by Councilman Hatfield and Second by Councilman Mitchum, the vote on the first reading of this ordinance held on September 18, 1995 was as follows: Mayor Jack H. Hayman, Sr. AYE Councilman Danny K. Hatfield AYE Councilwoman Louise A. Martin AYE Councilman Mike Hays ABSENT Councilman David L. Mitchum AYE After Motion by Councilman Hays and Second by Councilmlan Hatfield, the vote on the second reading of this ordinance was as follows: Mayor Jack H. Hayman, Sr. AYE Councilman Danny K. Hatfield AYE Councilwoman Louise A. Martin AYE Councilman Mike Hays AYE Councilman David L. Mitchum AYE PASSED AND DULY ADOPTED this 2nd day of October, 1995. ATTEST: r r, - an'.-J.' sworth NT j wz a CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA By APPROVED 30k FORM AND O CTNES�S: (/ R ista A. Storey 9 City Attorney Neagh passages are deleted. Underlined passages are added. 95-0-13 5 F.S. 1993 F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 t the lands being CHAPTER 175 out, and receiving sale in such pro - MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS naoe of such pro. 175.021 adjudicated, the Legislative declaration. 175,361 Termination of plan and distribution of fund. 175.032 yen, however evi 175.041 Definitions. FirefightersPension Trust Fund created; 175,371 Transfer to another state retirement system; benefits payable. rith those of the applicability of provisions. 175381 Applicability of ch. 86-41. ceing proceeded 175,051 Actuarial deficits not state obligation. 175.391 Costs; attorney's fees. included as and 175.061 Board of trustees; members, terms of office, 175.401 Retiree health insurance subsidy. ..ding by the set- 175.071 Powers of board of trustees. nt in the manner 175,081 Use of annuity or insurance policies. 175.021 Legislative declaration. —It is hereby on defendants in 175,091 Creation and maintenance of fund. declared by the Legislature that firefighters, as hereina4 175.101 State excise tax on property insurance premi- ter defined, perform state and municipal functions; that den the scope of ums authorized; procedure. it is their duty to extinguish fires, to protect life, and to by this chapter, 175.111 Certified copy of ordinance or resolution filed; protect property at their own risk and peril; that it is their ens of equal dig- insurance companies' annual report of Pre duty to prevent conflagration and to continuously ,orally construed 175.121 miums; duplicate files; book of accounts. Department of Revenue, Department of Insur- instruct school personnel, public officials, and private ance, and Division of Retirement to keep citizens in the prevention of fires and firesafety; that they protect both life and property from local emergencies as 175,122 accounts of deposits; disbursements. Limitation of disbursement. defined in's. 252.34(3); and that their activities are vital 175.131 Funds received by municipality or special fire to the public safety. It is further declared that firefighters control district; deposit in firefighters' pen employed by special fire control districts serve under the same circumstances and perform the same duties 175.141 sion trust fund. Payment of excise tax credit on similar state as firefighters employed by municipalities and should excise or license tax. therefore be entitled to the benefits available under this 175.151 Penalty for failure of insurers to comply with chapter. Therefore, the Legislature declares that it is a this act. proper and legitimate state purpose to provide a uniform 175.1 Contributions. retirement system for the benefit of firefighters as here 175.162 2 Requirements for retirement175 inafter defined and intends, in implementing the provi- Optional forms of retirement income. sions of s. 14, Art, x of the State Constitution as they 175.1A81 1 Beneficiaries. relate to municipal and special district firefighters' en 175.191 Disability retirement. son trust fund systems and plans, that such retirement 1 175.201 Death prior to retirement; refunds of contribu- systems or plans be managed, administered, operated, tiona; death benefits. and funded in such manner as to maximize the rotec- P 175.211 Separation from service; reiunds. Lion of the firefighters' pension trust funtls. This chapter 175.221 Lump -sum payment of small retirement hereby establishes mini mum standamsfor theoperation income and funding of municipal and special district firefighters' 175.231 Diseases of firefighters suffered in lineofduty; pension trust fund systems and plans, hereinafter presumption. referred to as firefighters' pension trust funds. 175.241 Exemption from execution. 1x�o°�� ' Ch y_Ns. i. I. m. 79-sac, e.]. m. ea-ay. s. I. ee. ac-ar, s. 175,251 Employment records required to be kept by 'NO'°� aomiwea or mm e ea�,e ma for a reoce tog 252 Mir)to oyito secretary of board of trustees. z11ointoong oe`e.,"e'ed by the c,eetlon of o now eooeonu" nt by:,o. m av 175,261 Annual report to Division of Retirement, actu- arial reports. 175.032 Definitions. —The following words and 175,291 Attorney for municipality or special fire control phrases used in this chapter shall have the following district to represent board of trustees upon meanings, unless a different meaning is plainly required request; option to employ independent by the context: counsel and other persons. (1)(a) "Aggregate number of years of service" means 175,301 Depository for pension funds. the total number of years, and fractional parts of years, 175.311 Municipalities, special fire control districts, of service of any firefighter, omitting intervening years and boards independent of each other and fractional parts of years, when such firefighter may 175321 Application of as 175.101-175.121, not be employed by the municipality or special fire con 175.131-175.151. tool district. However, no firefighter will receive credit for 175.331 Rights of firemen under former law. years or fractional parts of years of service for which he 175,333 Discrimination in benefit formula prohibited. has withdrawn his contributions to the fund for those 175.341 Duties of Division of Retirement and Depart- years or fractional parts of years of service, unless the ment of Insurance; rulemaking authority; firefighter repays into the fund the contributions he has investments by the Insurance Commis- withdrawn, with interest, within 90 days after his team sinner and Treasurer. ployment. Further, a firefighter may voluntarily leave his 175.351 Municipalities and special fire control districts contributions in the fund for a period of 5 years after having their own pension plans for fire- leaving the employ of the fire department, pending the fighters. possibility of his being rehired by the same department 1239 Ch. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F S 1993 F.S. 1993 and remaining employed for a period of not less than 3 years, without losing credit for the time he has partici- pated actively as a firefighter. If he does not remain employed for a period of at least 3 years as a firefighter, with the same department upon reemployment, within 5 years, his contributions shall be returned to him with- out interest. (b) In determining the aggregate number of years of service of any firefighter, the time spent in the military service of the Armed Forces of the United States, or the United States Merchant Marine, while on official leave of absence in the event of a national emergency, shall be added to the years of actual service. However, credit for such military service shall not exceed 5 years. Further, to receive credit for such service' 1. The firefighter must return to his employment as a firefighter of the municipality or special fire control dis- trict within 1 year from the date of his release from such active service; and 2. The firelighter must contribute into the fund the same sum which he would have contributed if he had remained a firefighter. Further, a request for credit for such military service must be made by the firefighter within 90 days after reentering the service of the fire department from such leave of absence granted, or such military service credit shall be forfeited forever. (2)(a) "Average final compensation for a full-time firefighter" means one -twelfth of the average annual compensation of the 5 best years of the last 10 years of creditable service prior to retirement, termination, or death or the career average as a full-time firefighter since July 1, 1953, whichever is greater. A year shall be 12 consecutive months. (b) "Average final compensation for a volunteer fire- fighter" means the average salary of the 10 best contrib- uting years prior to change in status to a permanent full- time firefighter or retirement as a volunteer firefighter or the career average of a volunteer firefighter, since July 1, 1953, whichever is greater. (3) "Division' means the Division of Retirement of the Department of Management Services. (4) "Enrolled actuary' means an actuary who is enrolled under Subtitle C of Title III of the Employee Retirement Income Security Act of 1974 and who is a member of the Society of Actuaries or the American Academy of Actuaries. (5)(a) 'Firefighter" means any person employed solely in a constituted fire department of any municipal ity or special fire control district who is certified as a fire- fighter as a condition of employment in accordance with the provisions of o 633,35 and whose duty it is to extio guish fires, to protect life, and to protect property. How- ever, for purposes of this chapter only, 'firefighter' also includes public safety officers who are responsible for performing both police and fire services, who are certi tied as police officers or firefighters, and who are certi tied by their employers to the Insurance Commissioner and Treasurer as participating in this chapter prior to October 1, 1979. Effective October 1, 1979, public safety officers who have not been certified as participating in this chapter shall be considered police officers for retire ment purposes and shall be eligible to participate in chapter 185, (b) 'Volunteer firefighter" means any person whose name is carried on the active membership roll of a con- stituted volunteer fire department or a combination of a paid and volunteer fire department of any municipality or special fire control district and whose duty it is to extinguish fires, to protect life, and to protect property. Compensation for services rendered by a volunteer fire- fighter shall not disqualify him as a volunteer. A person shall not be disqualified as a volunteer firefighter solely because he has other gainful employment. Any person who volunteers assistance at a fire but is not an active member of a department described herein is not a volun- teer firefighter within the meaning of this paragraph. (6) 'Property insurance" means property insurance as defined in s. 624.604 and covers real and personal property within the corporate limits of any municipality, or within the boundaries of any special fire control dis- trict, within the state. "Multiple peril' means a combina- tion or package policy which includes both property and casualty coverage for a single premium. (7) "Salary' means the fixed monthly compensation paid a firefighter and where, as in the case of a volunteer firefighter, compensation is derived from actual services rendered salary shall be the total cash compensation received yearly for such services, prorated on a monthly basis. (8) "Special fire control district" means a special dis- trict, as defined in s. 189.403(1), established for the pur- poses of extinguishing fires, protecting life, and protect- ing property within the incorporated or unincorporated portions of any county or combination of counties, or within any combination of incorporated and unincorpo- rated portions of any county or combination of counties. The term does not include any dependent or independ- ent special district, as defined in S. 189.403(2) and (3), respectively, the employees of which are members of the Florida Retirement System pursuant to s. 121.051(1) or (2). xl.mn. s. I Ch 63-24s z 1 11. 19-3ao. a t ch. M<t49. s. 1, m 31-irs, s. 2. ch. N­,f. s. 13, ch. 93-141 175.041 Firefighters' Pension Trust Fund created; applicability of provisions. (1) There is hereby created a special fund to be known as the "Firefighters' Pension Trust Fund,' exclo sively for the purpose of this chapter, in each municipal- ity and each special fire control district of this state here- tofore or hereafter created which now has or which may hereafter have a constituted fire department or an authorized volunteer fire department, or any combina- tion theireof, and which municipality or special fire con- trol district does not presently have established by law, special law, or local ordinance a similar fund. (2) To qualify as a fire department or volunteer fire department or combination thereof under the provisions of this chapter, the department shall own and use sops rains for the fighting of fires that is in compliance with National Fire Protection Association Standards for Auto motive Fire Apparatus. (3) The provisions of this chapter shall apply only to municipalities organized and established pursuant to the laws of the state and to special fire control districts, and said provisions shall not apply to the unincorporated 1240 F.S. 1993 ! F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 areas of any county or counties except with respect to special fire control districts that include unincorporated areas, nor shall the provisions hereof apply to any gov ernmental entity whose employees participate in the Florida Retirement System. Special fire control districts that include, or consist exclusively of, unincorporated areas of one or more counties may levy and impose the tax and participate in the retirement programs enabled by this chapter. (4) No municipality shall establish more than one retirement plan for public safety officers which is sup ported in whole or in part by the distribution of premium tax funds as provided by this chapter or chapter 185, nor shall any municipality establish a retirement plan for public safety officers which receives premium tax funds from both this chapter and chapter 185, Xbtoo s.1, cn a-2<9. S. L cn a he cs.23. In 79-W a L cn 79-3Ba. 5.1d Ch 93-193. 175.051 Actuarial deficits not state oblgation.— Actuarial deficits, if any, arising under this act, shall not be the obligation of the state. Mlarory. s L cR M-249. 175.061 Board of trustees; members, terms of office. (1) In each municipality and in each special fire con- trol district there is hereby created a board of trustees of the firefighters' pension trust fund, which shall be solely responsible for administering the trust fund, Effec- tive October 1, 1986, and thereafter, the board of trust sea shall consist of five members, two of whom, unless otherwise prohibited by law, shall be legal residents of the municipality or special fire control district, who shall be appointed by the governing body of the municipality or special fire control district, and two of whom shall be full-time firefighters as defined in s. 175.032 who shall be elected by a majority of the firefighters who are mem bars of such plan. The fifth member shall be chosen by a majority of the previous four members as provided for herein, and such person's name shall be submitted to the governing body of the municipality or special fire control district. Upon receipt of the fifth persona name, the governing body of the municipality or special fire control district shall, as a ministerial duty, appoint such person to the board of trustees as its fifth member. The fifth member shall have the same rights as each of the other four members appointed or elected as herein pro vided and may succeed himself in office. Each resident member shall serve as trustee for a period of 2 years, unless sooner replaced by the governing body at whose pleasure he shall serve, and may succeed himself as a trustee. Each firefighter member shall serve as trustee for a period of 2 years, unless he sooner leaves the employment of the municipality or special fire control district as a firefighter, whereupon his successor shall be chosen in the same manner as an original appoint ment. Each firefighter may succeed himself in office. The board of trustees shall meet at least quarterly each year. Each board of trustees shall be a legal entity with, in addition to other powers and responsibilities contained herein, the power to bring and defend lawsuits of every kind, nature, and description. (2) The trustees shall by a majority vote elect a chair- man and a secretary. The secretary of the board shall keep a complete minute book of the actions, proceed ings, or hearings of the board. The trustees shall not receive any compensation as such, but may receive expenses and per diem as provided by law. M M*q. S. L cn 6t-2aq s. 2 cn 91-15 5.3. cn. 86-4I. S. 15, Ch 93-193 175.071 Powers of board of trustees.— (1) The board of trustees may: (a) Invest and reinvest the assets of the firefighters' pension trust fund in annuity and life insurance con- tracts of life insurance companies in amounts sufficient to provide, in whole or in part, the benefits to which all of the participants in the firefighters' pension trust fund shall be entitled under the provisions of this chapter and pay the initial and subsequent premiums thereon. (b) Invest and reinvest the assets of the firefighters' pension trust fund in 1. Time or savings accounts of a national bank, a state bank insured by the Federal Deposit Insurance Corporation, or a savings, building and loan association insured by the Federal Savings and Loan Insurance Cory potation. 2. Obligations of the United States or obligations guaranteed as to principal and interest by the Govern- ment of the United States. 3. Bonds issued by the State of Israel. 4. Bonds, stocks, or other evidences of indebted- ness issued or guaranteed by a corporation organized under the laws of the United States, any state or orga- nized territory of the United States, or the District of Columbia, provided: a. The corporation is listed on any one or more of the recognized national stock exchanges and holds a rating in one of the three highest classifications by a major rating service; and b. The board of trustees shall not invest more than 5 percent of its assets in the common stock or capital stack of any one issuing company, nor shall the aggre- gate investment in any one issuing company exceed 5 percent of the outstanding capital stack of that com- pany or the aggregate of its investments under this sub- paragraph at cost exceed 30 percent of the assets of the fund. This paragraph shall apply to all boards of trustees and participants. However, in the event that a municipality or special fire control district has a duly enacted pension plan pursuant to, and in compliance with, s. 175,351, and the trustees thereof desire to vary the investment procedures herein, the trustees of such plan shall request a variance of the investment procedures as out- lined herein only through a municipal ordinance, special act of the Legislature, or resolution by the governing body of the special fire control district; where a special act, or a municipality by ordinance adopted prior to October 1, 1986, permits a greater than 30-percent equity investment, such municipality shall not be required to comply with the aggregate equity invest ment provisions of this paragraph. Investments shall not be made in any stocks, bonds, or other securities owned or controlled by a government other than that of the United Slates or the several states. 1241 Ch. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F.5. 7993 F.S. 1993 (c) Issue drafts upon the firefighters' pension Inc fund pursuant to this act and rules and regulations or scribed by the board of trustees. All such drafts shall consecutively numbered, be signed by the Chaimn and secretary, and state upon their faces the purpo for which the drafts are drawn. The treasurer or Capps tory of each municipality or special fire control distri shall retain such drafts when paid, as permanent bout ers for disbursements made, and no money shall be of erwise drawn from the fund. (d) Convert into Cash any securities of the fund. (a) Keep a complete record of all receipts and di bursements and of the board's acts and proceeding (2) Any and all acts and decisions shall be by at leas three members of the board; however, no trustee she take part in any action in connection with his own panic, Cation in the fund, and no unfair discrimination shall b shown to any individual firefighter participating in th fund (3) The board's action on all claims for retirement under this act shall be final, provided, however, that th rules and regulations of the board have been complied with. (4) The sole and exclusive administration of, and the responsibilities for, the proper operation of the fire fighters' pension trust fund and for making effective the Provisions of this chapter are vested in the board of trustees, however, nothing herein shall empower a board of trustees to amend the provisions of a retire ment plan without the approval of the municipality or special fire control district. The board of trustees shall keep m convenient form such data as shall be necessary for an actuarial valuation of the firefighters' pension trust fund and for checking the actual experience of the fund. (5) At least once every3 years, the board of trustees shall retain an independent consultant professionally qualified to evaluate the performance of professional money managers. The independent consultant shall make recommendations to the board of trustees regard ing the selection of money managers for the next invest- ment term. These recommendations shall be considered by the board of trustees at its next regularly scheduled meeting. The date. time, place, and subject of this meet- ing shall be advertised in a newspaper of general circu- lation in the municipality or special fire control district, as appropriate, at least 10 days prior to the date of the hearing. BIN169, rs. d, c9 66-0�s Za6, c6 93cf 93a-' '5 " Z cR xi c.3, 16. 175.081 Use of annuity or insurance Policies. When the board of trustees purchases annuity or life insurance contracts to provide all or any part of the ben- efits as provided for by this act, the following principles shall be observed'. (1) Only those firefighters who have been members of the firefighters' pension trust fund for 1 year or more may participate in the insured plan. (2) Individual policies shall be purchased only when a group insurance plan is not feasible. (3) Each application and policy shall designate the firefighters' pension trust fund as owner of the policy, (4) Policies shall be written on an annual premium basis, at (5) The type 0f policy shall be one which for the pro - e mium paid provides each individual with the maximum be retirement benefit at his earliest statutory normal retire - an ment age. sa (6) Death benefit, it any, should not exceed' i (a) One hundred times the estimated normal retire- ment income, based on the assumption that the present h- rate of compensation continues without change to non h- mal retirement date, or (b) Twice the annual rate of compensation as of the date of termination of service, or s (c) The single -sum value of the accrued deterred s. retirement income (beginning at normal retirement date) t at date of termination of service, whichever is greatest. II (7) An insurance plan may provide that the assign- ment of insurance contract to separating firefighters a shall be at least equivalent to the return of the fire fighters' fighters' contributions used to purchase the contract. An assignment of contract discharges the municipality or special fire control district, as appropriate, from all fur- y Cher obligation to the participant under the plan even though the cash value of such contract may be less than the firefighters' Contributions. (8) Provisions shall be made, either by issuance of separate policies or otherwise, that the separating fire fighter does not receive cash value and other benefits under the policies assigned to him which exceed the present value of his vested interest under the fire- fighters' pension trust fund, inclusive of his contribution to the plan; the contributions by the state shall not be exhausted faster merely because the method of funding adopted was through insurance companies. (9) The firefighter shall have the right at any time to give the board of trustees written instructions designat- ing the primary and contingent beneficiaries to receive death benefits Or proceeds and the method of settle- ment of the death benefit or proceeds, or requesting a change in the beneficiary designation or method of set- tlement previously mad., subject to the terms of the pol- icy or policies on his life. Upon receipt of such written instructions, the board of trustees shall take necessary steps to effectuate the designation or Change of Certain ciary or settlement option. HieWry. s.1. cR 63-2d9a.4 c�. 91-i6q, s. 1]. cn. 93-�93. 175.091 Creation and maintenance of funtl.— (1) The firefighters' pension trust fund in each municipality and in each special fire control district shall be created and maintained in the following manner: (a) By payment to the fund of the net proceeds of the 1,85-percent e-cfSH or other similar tax which may be imposed by the municipality or special fire control district upon fire insurance companies, fire insurance associations, or other property insurers on their gross receipts on premiums from holders of policies, which Policies cover real or personal property within the corpo- rate limits of such municipality, in the case of a municipal government, and within the legally defined jurisdiction of the district, in the case of a special fire control district. Whenever a municipality maintains a firefighters' pen- sion trust fund under the provisions of this chapter but is partially contained within the boundaries of a special fire control district, that portion of the 1.85-percent 1242 F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 excise, license, or other similar tax which is collected for insurance policies covering property within the jurisdic- tion of both the municipality and the special fire control district shall be given to the firefighterspension trust fund of the fire service provider. Remaining revenues collected pursuant to this chapter shall be distributed to the municipality or special fire control district according to the location of the insured property. (b) By the payment to the fund of 5 percent of the salary of each uniformed firefighter who is a member or duly enrolled in the fire department of any municipality or special fire control district, which 5 percent shall be deducted by the municipality or special fire control dis inch from the compensation due to the firefighter and paid over to the board of trustees of the firefighters' pen- sion trust fund wherein such firefighter is employed. A firefighter participating in the old age survivors insur- ance of the federal Social Security Law may limit his con tribution to the firefighters' pension trust fund to 3 per- cent of his annual compensation and receive reduced benefits as set forth in ss. 175.191(5) and 175.211. No firefighter shall have any right to the money so paid into the fund except as provided in this chapter. (c) By all tines and forfeitures imposed and collected from any firefighter because of the violation of any rule and regulation promulgated by the board of trustees. (d) By mandatary payment by the municipality or special fire control district of a sum equal to the normal cost and the amount required to fund over a period of 40 years or on a 40-year basis, any actuarial deficiency shown by a quinquennial actuarial valuation. The first such actuarial valuation shall be conducted for the cal- endar year ending December 31, 1967, (a) By all gifts, bequests, and devises when donated to the fund. (f) By all accretions to the fund by way of interest or dividends on bank deposits, or otherwise. (g) By all other sources or income now or hereafter authorized by law for the augmentation of such fire fighters' pension trust fund. (2) Under no circumstances may a municipality or special fire control district reduce the member contribu- tion to less than 1 percent of salary. History. s 1,1h 63-249; s. 1, Ch 65-5@ a. 1 Ch 67-218, s. 5, cR 81-1re, s. 5, Ch. 86-41', s. Ie, I Ch- 193. 175.101 State excise tax on property insurance premiums authorized; procedure. —Each municipality or special fire control district in this state described and classified in s. 175,041, having a lawfully established firefighters' pension trust fund or municipal fund or spe- cial fire control district fund providing pension benefits to firefighters by whatever name known, may assess and impose on every insurance company, corporation, or other insurer now engaged in or carrying on, or who shall hereinafter engage in or carry on, the business of Property insurance as shown by the records of the Department of Insurance an excise tax in addition to any lawful license or excise tax now levied by each of the municipalities or special fire control districts, respec- tively, amounting to 1.85 percent of the grass amount of receipts of premiums from policyholders on all premiums collected on property insurance policies covering prop arty within the corporate limits of such municipalities or within the legally defined boundaries of special fire con trol districts, respectively. Whenever the boundaries of a special fire control district that has lawfully established a firefighters' pension trust fund encompass a portion of the corporate territory of a municipality that has also law- fully established a firefighters' pension trust fund, that portion of the tax receipts attributable to insurance poli- cies covering property situated both within the munici- pality and the special fire control district shall be given to the fire service provider. The agent shall identify the fire service provider on the property owner's application for insurance. Remaining revenues collected pursuant to this chapter shall be distributed to the municipality or special fire control district according to the location of the insured property. In the case of multiple peril policies with a single premium for both the property and casualty coverages in such policies, 70 percent of such premium shall be used as the basis for the 1.85-percent lax. This excise tax shall be payable annually on March 1 of each year after the passage of an ordinance, in the case of a municipality, or resolution, in the case of a special fire control district, assessing and imposing the tax author- ized by this section. Installments of taxes shall be paid according to the provision of s. 624,5092(2)(a),(b), and (c). HI.M. s. 1. Ch 63-N9; s. 2. Ch. 67-21BI ss. 13, 35, Ch 60-1061 S. 6, Ch. 81-10I s.1 oh. B 41 s. is m.81-% s.. Ch his -ay, 1.10 on B 16A i. 19. Ch W-193 175.111 Certified copy of ordinance or resolution filed; insurance companies' annual report of premi- ums; duplicate files; book of accounts. —Whenever any municipality passes an ordinance, or whenever any spe- cial fire control district passes a resolution, assessing and imposing the taxes authorized ins. 175.101, a certi- fied copy of such ordinance or resolution shall be depos- ited with the division and thereafter every insurance company, association, corporation, or other insurer car- rying on the business of property insurance on real or personal property, on or before the succeeding March 1 after date of the passage of the ordinance or resolu- tion, shall report fully in writing and under oath to the division and the Department of Revenue a lust and true account of all premiums by such insurer received for property insurance policies covering or insuring any real or personal property located within the corporate limits of each such municipality or special fire control district during the period of time elapsing between the date of the passage of the ordinance or resolution and the suc- ceeding March 1. The report shall include the code des ignation as prescribed by the insurance commission for each piece of insured property, real or personal, located within the corporate limits of each municipality and within the legally defined boundaries of each special fire control district. The aforesaid insurer shall annually thereafter, on March 1, file with the division and the Department of Revenue a similar report covering the preceding year's premium receipts, and every such insurer at the same time of making such reports shall pay to the Department of Revenue the amount of the tax hereinbefore mentioned. Every insurer engaged in carry- ing on such insurance business in the state shall keep accurate books of accounts of all such business done 1243 Ch. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F.S. 1993 F.S. 1993 by it within the corporate limits of each such municipality and within the legally defined boundaries of each such special fire control district, and in such manner as to be able to comply with the provisions of this chapter, Based on the insurers' reports of premium receipts, the division shall prepare a consolidated premium report and shall furnish to any municipality or special fire control district requesting the same a copy of the relevant section of that report. Xlemry. c. 1, Ch 69-2Cx5,. 12, 13. re Ch.. 1W, s. 1, Ch. 75-24015.M Ch. 91193. 175.121 Department of Revenue, Department of Insurance, and Division of Retirement to keep accounts of deposits; disbursements.— (1) The Department of Revenue shall keep a sepa- rate account of all moneys collected for each municipal- ity and each special fire control district under the provi- sions of this chapter. All moneys so collected must be transferred to the Insurance Commissioner and Treas mer, who, after deducting the necessary expenses incurred by the Department of Insurance in carrying out the provisions of this act, shall transfer the moneys into the Insurance Commissioner's Regulatory Trust Fund and shall be separately accounted for by the Depart ment of Insurance. The moneys budgeted as necessary to pay the expenses of the division for the daily over Sight and monitoring of the firefighters' pension plans under this chapter and for the oversight and actuarial reviews conducted under part VII of chapter 112 are annually appropriated from the moneys collected for each municipality or special fire control district. (2) The Comptroller shall, on or before June 1 of each year, and at such other times as authorized by the division and requested by the Treasurer, draw his war- rants on the full net amount of money then on deposit pursuant to this chapter in the Insurance Commission er's Regulatory Trust Fund, specifying the municipalities and special fire control districts to which the moneys must be paid and the net amount collected for and to be paid to each municipality or special fire control dis- trict, respectively, subject to the limitation on disburse ment under s. 175,122, The sum payable to each munici- pality or special fire control district is appropriated annu ally out of the Insurance Commissioner's Regulatory Trust Fund. The warrants of the Comptroller shall be payable to the respective municipalities and special fire control districts entitled to receive them and shall be remitted annually by the Department of Insurance to the respective municipalities and special fire control dis- tricts. In order for a municipality or special fire control district and its pension fund to participate in the distnbu- son of premium tax moneys untler this chapter, all the provisions shall be complied with annually. (3)(a) All moneys not distributed to municipalities and special fire control districts under this section as a result of the limitation on disbursement contained in s. 175.122, or as a result of any municipality or special fire control district not having qualified in any given year, or Portion thereof, shall be transferred to the Firefighters' Supplemental Compensation Trust Fund administered by the Department of Revenue, as provided in s. 633.382. (b)1. Moneys transferred under paragraph (a) but not needed to support the supplemental compensation Program in a given year shall be redistributed pro rate to those participating municipalities and special fire con- trol districts that transfer any portion of their funds to support the supplemental compensation program in that year. Such additional moneys shall be used to cover or offset costs of the retirement plan, 2. To assist the Department of Revenue, the divi- sion shall identify those municipalities and special fire control districts that are eligible for redistribution as pro- vided in s. 633.382(4)(c)2., by listing the municipalities and special fire control tlistricts from which funds were transferred under paragraph (a) and specifying the amount transferred by each. Xlarory. s. I, Ch W-219, ss. 1331.11631% s 1, Ch 24_SW s 3,Ch 65-61 s. r, Ch. 41 5 21. Ch. W-10 175.122 Limitation of disbursement. —Any munici- pality or special fire control district participating in the firefighters' pension trust fund pursuant to the provi sions of this chapter shall be limited to receiving any moneys from such fund in excess of that produced by one-half of the excise tax, as provided for in s. 175.101; however, any such municipality or special fire control district receiving less than 6 percent of its fire depart- ment payroll from such fund shall be entitled to receive from such fund the amount determined under s. 175.121, in excess of one-half of the excise tax, not to exceed 6 percent of its fire department payroll. Nbtory. s. I, Ch. 67-29; s. 7, Ch. 61-ar s. 22 Oh. 83-19,. 175.131 Funds received by municipality or special lire control district; deposit in firefighters' pension trust fund.—AII state and other funds received by any municipality or special fire control district under the pro- visions of this chapter shall be deposited by such munio pality or special fire control district immediately, and under no circumstances more than 5 days after receipt, with the board of trustees. Employee contributions, how- ever, which are withheld by the employer on behalf of an employee member shall be deposited with the board of trustees of the firefighters' pension trust fund at least monthly. Hi s. 1, Ch 63-249, 5.8. Ch 81-10h s. 8, Ch W-41 5. 23, Ch Ss-193. 175.141 Payment of excise tax credit on similar state excise or license tax. —The tax herein authorized to be imposed by each municipality and each special fire control district shall in nowise be in addition to any sm i- lar state excise or license tax imposegby part IV of chap- ter 624. but the payer of the tax hereby authorized shall receive credit therefor on his said state excise or license tax and the balance of said state excise or license tax shall be paid to the Insurance Commissioner and Treas- urer as is now Provided by law. M..1 c. L Ch. 63-2491 s. 9, " B ,4 s, 24. Ch. i"Is, 175.151 Penalty for failure of insurers to comply with this att—Should any insurance company, corpora- tion or other insurer fail to comply with the provisions of this act, on or before March 1 of each year as herein pro vided, the certificate of authority issued to said insur- ance company, corporation or other insurer to transact business in this state may be canceled and revoked by 1244 F.S. 1993 j F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 the Department of Insurance, and ills unlawful for any such insurance company, corporation, or other insurer to transact business thereafter in this state unless such insurance company, corporation, or other insurer shall be granted a new certificate of authority to transact any business in this state, in compliance with provisions of law authorizing such certificate of authority to be issued. .Sh s. L c,. 553 u. o 13, 31. cifhe as 175.152 Contributions. —Except as provided in s. 175.01 the municipal or special fire control dis- trict officer or board paying salaries to firefighters enti- tled to the benefit of this chapter shall deduct 5 percent from each installment of salary of each firefighter so long as such firefighter shall hold office or be employed. The amount so deducted shall be deposited as provided in S. 175,301. Under no circumstances may a municipality or special fire control district reduce the member contri- bution to less than 1 percent of salary. HKlory. sloc,.&i-m, s. 11 cn. 91193 175.162 Requirements for retirement. —Any fire- fighter who completes 10 or more years of creditable service as a firefighter and attains age 55, or completes 25 years of creditable service as a firefighter and attains age 52, and who for such minimum period has been a member of the firefighters' pension trust fund is eligible for normal retirement benefits. Normal retirement under the plan is retirement from the service of the municipality or special fire control district on or after the normal retire- ment dale. In such event, payment of retirement income will be governed by the following provisions of this sec tion: (1) The normal retirement date of each firefighter will be the first day of the month coincident with or next fol- lowing the date on which he has completed 10 or more years of creditable service and attained age 55 or com- pleted 25 years of creditable service and attained age 52. (2)(a) The amount of monthly retirement income payable to a full-time firefighter who retires on or after his normal retirement date shall be an amount equal to the number of his years of credited service multiplied by 2 percent of his average final compensation as a full- time firefighter. The retirement income shall be reduced for moneys received under the disability provisions of this chapter. However, if current state contributions pur- suant to this chapter are not adequate to fund the each tional benefits to meet the minimum requirements in this chapter, only such incremental increases shall be required as state moneys are adequate to provide. Such increments shall be provided as state moneys become available. (b) The amount of monthly retirement income pay- able to a volunteer firefighter who retires on or after his normal retirement date shall be an amount equal to the number of his years of credited service multiplied by 2 percent of his average final compensation as a volunteer firefighter. If the firefighter has been contributing only 3 percent of his salary, his monthly retirement income shall be an amount equal to the number of his years of credited service multiplied by 1.2 percent of his average final compensation. (3) The monthly retirement income payable in the event of normal retirement will be payable on the first day of each month. The first payment will be made on the firefighter's normal retirement date, or on the first day of the month coincident with or next following his actual retirement, if later, and the last payment will be the payment due next preceding the firefighter'a death, except that, in the event the firefighter dies after his retirement but before he has received retirement bene- fits for a period of 10 years, the same monthly benefit will be paid to the beneficiary (or bepeficiaries) as desig- nated by the firefighter for the balance of such 10-year period. If a firefighter continues in the service of the municipality or special fire control district beyond his normal retirement date and dies prior to his date of actual retirement, without an option made pursuant to s. 175.171 being in effect, monthly retirement income payments will be made for a period of 10 years to a ben eflciary (or beneficiaries) designated by the firefighter as if the firefighter had retired on the date on which his death occurred. (4) Early retirement under the plan is retirement from the service of the municipality or special fire control dis- trict, with the consent of the municipality or special fire control district, as of the first day of any calendar month which is prior to the firefighter's normal retirement date but subsequent to the date as of which he has both attained the age of 50 years and has been a member of this fund for 10 continuous years. In the event of early retirement, payment of retirement income shall be gov- erned as follows: the monthly amount of retirement income payable to a firefighter who retires prior to his normal retirement date shall be in the amount computed as described in subsection (2), taking into account his credited service to his date of actual retirement and his final monthly compensation as of such date, such amount of retirement income to be actuarially reduced to take into account the firefighter's younger age and the earlier commencement of retirement income bone fits. The amount of monthly income payable in the event of early retirement will be paid in the same manner as in subsection (3). In no event shall the early retirement reduction exceed 3 percent for each year by which the member's age at retirement preceded the member's normal retirement age. Hah"' s.1, cn. M-249. s 1. rn 10-123.:. s cn81-169. s. u. rn si x. 26 ch. 93-193 175.171 Optional forms of retirement mcome.— (1) In lieu of the amount and form of retirement income payable in the event of normal or early retire- ment as specified in s. 175.162. a firefighter, upon wrn ten request to the board of trustees and submission of evidence of good health (except that such evidence will not be required if such request is made at least 3 years prior to the date of commencement of retirement income or if such request is made within 6 months subject following ooing the effective date of the plan, if later), an approval of the board of trustees. may elect to receive a retirement income or benefit of equivalent actuarial value payable in accordance with one of the following options. (a) A retirement income of larger monthly amount, payable to the firefighter for his lifetime only. 1245 Cli. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F.S. 1993 (b) A retirement income of a modified monthly to) If bath the retired firefighter and the beneficiary amount, payable to the firefighter during the joint life- time of the firefighter and a dependent joint pensioner (or beneficiaries) designated by him die before the full payment has been effected under any option providing designated by the firefighter, and following the death of for payments for a either of them, 100 percent, W/3 percent, or 50 percent of such monthly amounts payable to the period certain and life thereafter, made pursuant to the provisions of paragraph (1)(c), the survivor for the board of trustees may, in its discretion, direct that the lifetime of the survivor. (c) Such other amount and form of retirement commuted value of the remaining payments be paid in pay- ments or benefits as, in the opinion of the board of trust ass, will best meet the circumstances the a lump sum and in accordance with s. 175,181. (d) If a firefighter continues beyond his normal retire - of retiring fire- fighter. ment date pursuant to the provisions of s. 175.162(1) 7. The firefighter upon electing any option this and dies prior to his actual retirement and while an section will designate the joint pensioner or benefficiary (or beneficiaries) to receive the benefit, option made pursuant to the provisions of this section ismIn effect, monthly retirement income payments will be if any, payable under the plan in the event of his death, and e have ade, or a retirement benefit will be Said, under the the power to change such designation from time to time option to a beneficiary (or be oneficiaries) designated by ,will but any such change shall be deemed a new election the firefighter in the amount or amounts computed as if and will be subject to approval by the board of trustees. the firefighter had retired under the option on the date Such designation will name a joint pensioner or one or on which his death occurred. more primary beneficiaries where applicable. If a fire (3) No firefighter may make any change in his retire - fighter has elected an option with a joint pensioner or ment option after the date of cashing or depositing his beneficiary and his retirement income benefits have first retirement check commenced, he may thereafter change his designated V :. 1. 0 sss-�� s. �o. cn. sr-ise, ,. u. mes-n joint pensioner or beneficiary, but only if the board of trustees consents to such change and if the 175.181 Beneficiaries. joint pen sioner last previously designated by him is alive when he (1) Each firelighter may, on a form provided for that files with the board of trustees his request for such change. purpose, signed and filed with the board of trustees, designate a beneficiary (or beneficiaries) to receive 2. The consent of a firefighter's joint pensioner the benefit, if any, which may be payable in the event of his or beneficiary to any such change shall not be required, death; and each designation may be revoked by such firefighter 3. The board of trustees may request such by signing and filing with the board of trustees evi- dence of the good health of the joint pensioner that is a new designation -of -beneficiary form. being removed as it may require and the amount of the (2) If a deceased firefighter fails to name a beret! retirement income payable to the firefighter upon desig nation of a new joint pensioner shall be Clary in the manner prescribed in subsection (1), or if the beneficiary (or beneficiaries) named by a deceased fire - actuarially rede- termined taking into account the age and sex of the for fighter predecease the firefighter, the death benefit, if met joint pensioner, the new joint pensioner, and the fire any, which may be payable under the plan with respect fighter. Each such designation will be made in writing on a form prepared by the board of trustees to such deceased firefighter may be paid, in the discre- Lion of the board of trustees, either to: and on comple- tion will be filed with the board of trustees. In the event (a) The wife or dependent children of the firefighter; that no designated beneficiary survives the firefighter, such benefits as are payable in the event of the death o (b) The dependent living parents of the firefighter. of the firefighter subsequent to his retirement shall be ei.m,r. .. y.n.-zas, ,. n. m. ei-ass. paid as provided in s. 175.181, (2) Retirement income payments shall be 175.191 Disability retirement.— (1) A made under the option elected in accordance with the provi- firefighter having 10 or more continuous years of credited service and having contributed to sions of this section and shall be subject to the following limitations: the fire - fighters' pension trust fund for 10 years or more may (a) If a firefighter dies prior to his normal retirement date or early retirement data whichever first retire from the service of the municipality, or special fire control district under the plan if, prior to his normal retire occurs, no retirement benefit will be payable under the option to ment date, he becomes totally and permanently dis- ly abled as defined in subsection any person, but the benefits, if any, will be determined under s. 175.20E (2) by reason any cause other than a cause set out in subsection (3) on or (b) If the designated beneficiary beneficiaries) or the effective date of the plan. Such retirement shall herein be referred to as'disability retirement' The joint pensioner dies before the firefigighfer's retirement under the plan, the option elected will be proviafter - sions for disability other than line -of -duty disability shall canceled auto matically and a retirement income of the normal form not apply to a member who has reached early or normal retirement and amount will be payable to the firefighter upon his retirement as if the election had not been age. (2) A firefighter will be considered totally disabled if, made, unless a new election is made in accordance with the orovi in the opinion of the board of trustees, he is wholly Are- vented from sions of this section or a new beneficiary is designated by the firefighter prior to his retirement rendering useful and efficient service as a firefighter; and a firefighter will be Considered perma- and within 90 days after the death of the beneficiary, nently disabled it, in the opinion of the board of trustees, he is likely to remain so disabled continuously and per- 1246 F.S. 1993 i F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 manently from a cause other than is specified in subsea tion (3). (3) A firefighter will not be entitled to receive any dis- ability retirement income if the disability is a result of. (a) Excessive and habitual use by the firefighter of drugs, intoxicants, or narcotics; (b) Injury or disease sustained by the firefighter while willfully and illegally participating in fights, riots, or civil insurrections or while committing a crime; (c) Injury or disease sustained by the firefighter while serving in any armed forces; or (d) Injury or disease sustained by the firefighter after his employment has terminated, (4) No firefighter shall be permitted to retire under the provisions of this section until he is examined by a duly qualified physician or surgeon, to be selected by the board of trustees for that purpose, and is found to be disabled in the degree and in the manner specified in this section. Any firefighter retiring under this section shall be examined periodically by a duly qualified physi- cian or surgeon or board of physicians and surgeons, to be selected by the board of trustees for that purpose, to determine if such disability has ceased to exist. (5) The benefits payable to a firefighter who retires from the service of a municipality or special fire control district due to total and permanent disability as a direct result of a disability commencing prior to his normal retirement date is the monthly income payable for 10 years certain and life for which, if the firefighter's disabih ity occurred in the line of duty, his monthly benefit shall be the accrued retirement benefit, but shall not be less than 42 percent of his average monthly salary at the time of disability, if after 10 years of service the disability is other than in the line of duty, the firefighter's monthly benefit shall be the accrued normal retirement benefit, but shall not be less than 25 percent of his average monthly salary at the time of disability. (6) The monthly retirement income to which a fire- fighter is entitled in the event of his disability retirement shall be payable on the first day of the first month after the board of trustees determines such entitlement. How- ever, the monthly retirement income shall be payable as of the date the board determines such entitlement, and any portion due for a partial month shall be paid together with the first payment. The last payment will be, if the firefighter recovers from the disability prior to his normal retirement date, the payment due next preceding the date of such recovery or, if the firefighter dies without recovering from his disability, the payment due next pre- ceding his death or the 120th monthly payment, which ever is later. Any monthly retirement income payments due after the death of a disabled firefighter shall be paid to the firefighter's designated beneficiary (or beneficia- ries) as provided in as. 175,181 and 175.201, (7) If the board of trustees finds that a firefighter who is receiving a disability retirement income is, at any time prior to his normal retirement date, no longer disabled, as provided herein, the board of trustees shall direct that the disability retirement income be discontinued. 'Re covery from disability' as used herein means the ability of the firefighter to render useful and efficient service as a firefighter. (8) If the firefighter recovers from disability and reen- ters the service as a firefighter, his service will be deemed to have been continuous, but the period begin- ning with the first month for which he received a disabil- ity retirement income payment and ending with the date he reentered the service will not be considered as cred filed service for the purpose of this plan. Nialay. s 1, Ch 63-249, s.3, Ch 65�53-. s.2, Ch 70.I2 s. 12, Ch. 81-163, s. 13, ch. Ri-u s. 27. Ch. 93-lia 175.201 Death prior to retirement; refunds of contri- butii death benefits. —If a firefighter dies before being dligible to retire under the provisions of this act, the heirs, legatees, beneficiaries, or personal represent- atives of such deceased firefighter shall be entitled to a refund of 100 percent, without interest, of the contribu III made to the firefighterspension trust fund by such deceased firefighter or, in the event an annuity or life insurance contract has been purchased by the board of trustees on such firefighter, then to the death benefits available under such life insurance or annuity contract subject to the limitations on such death benefits set forth in s. 175.081, whichever amount is greater. If a firefighter dies prior to retirement but has at least 10 years of can tribuling service, his beneficiary is entitled to the bene- fits otherwise payable to the firefighter at early or normal retirement age. In the event that the death benefit paid by a life insurance company exceeds the limit set forth in s. 175.081, the excess of the death benefit over the limit shall be paid to the firefighters' pension trust fund. However, the benefits as provided in s. 112.191 shall not be included as death or retirement benefits under the provisions of chapter 86-41, Laws of Florida. Nlslory. 8.1. Ch at-249', s. 13, Ch. 31-1%s. 14. Ch B I, s.5, Ch a uah s. M, Ch 33-1 W 175.211 Separation from service; refunds. It afire fighter leaves the service of the municipality or special fire control district before accumulating aggregate time of 10 years toward retirement and before being eligible to retire under the provisions of this chapter, he shall be entitled to a refund of all of his contributions made to the firefighters' pension trust fund after July 1, 1963, without interest, less any disability benefits paid to him after July 1, 1963, If a firefighter who has been in the service of the municipality or special fire control district for at least 10 years and has contributed to the firefighters' pension trust fund for at least 10 years elects to leave his accrued contributions in the firefighters' pension trust fund, such firefighter upon attaining the age of 50 years may retire at the actuarial equivalent of the amount of such retirement income otherwise payable to him. Ii iwy. s. 1, ch. (di s. oh ch 81-1a4 s. 29, ch. 93-193. 175.221 Lump -sum payment of small retirement income. —Notwithstanding any provisions of the plan to the contrary, if the monthly retirement income payable to any person entitled to benefits hereunder is less than $30, or if the single -sum value of the accrued retirement income is less than $750, 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. ei.M. s. 1,Ch W-249. 1247 Ch. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F S 1993 175.231 Diseases of firefighters suffered in line of duty; presumption. —Any condition or impairment of health of a firefighter caused by tuberculosis, hyperten- sion, or heart disease resulting in total or partial disability or death shall be presumed to have been accidental and suffered in the line of duty unless the contrary is shown by competent evidence, provided, such firefighter shall have successfully passed a physical examination before entering into such service, which examination failed to reveal any evidence of such condition. This section shall be applicable to all firefighters employed in Florida only with reference to pension and retirement benefits under this chapter. NITory. 5 1, crv. 6}249, a 11 c1. 81-1. 175.241 Exemption from execution. —The pen sions, annuities, or other benefits accrued or accruing to any person under the provisions of this act and the accumulated contributions and the cash securities in the funds created under this act are hereby exempted from any state, county, or municipal tax and shall not be subject to execution or attachment or to any legal proc- ess whatsoever, and shall be unassignable. Nigory. a. 1,1h 63-249. 175.251 Employment records required to be kept by secretary of board of trustees. —The secretary of the board of trustees shall keep a record of all persons receiving retirement payments under the provisions of this chapter, in which shall be noted the time when the pension is allowed and when the pension shall cease to be paid. In this record, the secretary shall keep a list of all firefighters employed by the municipality or special fire control district. The record shall be kept in such an ner as to show the name, address, and time of employ ment of such firefighters and when they cease to be employed by the municipality or special fire control dis- trict. th.C., s. 1," P-249. a. I6, ch. 81-1EBa..b. cM1. M-1. 175.261 Annual report to Division of Retirement; actuarial reports.— (1) Each year, by February 1, the chairman or secre- tary of the board of trustees of each firefighterspension trust fund shall file a report with the division which con- tains: (a) A statement of whether in fact the municipality or special fire control district is within the provisions of s. 175,041. (b) An independent audit by a certified public accountant if the fund has $100,000 or more in assets, or a certified statement of accounting if the fund has less than $100,000 or more in assets, for the most recent fis- cal year of the municipality or special fire control district, showing a detailed listing of assets and methods used to value them and a statement of all income and dis- bursements during the year. Such income and disburse- ments shall be reconciled with the assets at the begin- ning of and end of the year. (c) A statistical exhibit showing the total number of firefighters on the force, the number included in the retirement plan and the number ineligible, classified according to the reason for their being ineligible, and the number of disabled firefighters and retired firefighters and their beneficiaries receiving pension payments and the amounts of annual retirement income or pension payments being received by them, (d) A statement of the amount the municipality or special fire control district, or other income source, has contributed to the retirement fund for the most recent fiscal year and the amount the municipality or special fire control district will contribute to the retirement fund dur- ing its current fiscal year, (a) it any benefits are insured with a commercial Insurance company, the report should include a state ment of the relationship of the insured benefits to the benefits provided by this chapter as well as the name of the insurer and information about the basis of pre- mium rates, mortality table, interest rates, and method used in valuing retirement benefits. (2) By February 1 of each triennial year, beginning with February 1, 1986, and at least every 3 years cam mencing from the last actuarial report of the plan or sys- tem or from February 1, 1987. If no actuarial report has been issued within the 3-year period prior to February 1, 1986, the chairman of each firefighters' pension trust fund shall report to the division such data that it needs to complete an actuarial valuation of each fund. The forms for each municipality and special fire control dis- trict shall be supplied by the division. The expense of this actuarial valuation shall be borne by the firefighters' pension trust fund established by ss. 175.041 and 175, 121, Nlabry.a. I,Ch M-249 5 4,Ch 65-6g, sa. 13 35, cry 69-1. a. 81-1. a. 5, cR M-41: s. 11, ch, 8]-193. I]. crv. 69 175.291 Attorney for municipality or special fire control district to represent board of trustees upon request; option to employ independent counsel and other persons. —The attorney of each municipality or special fire control district shall give advice to the board of trustees in all matters pertaining to its duties in the administration of the firefighters' pension trust fund whenever requested and he shall represent and defend the board as its attorney in all suits and actions at law or in equity that may be brought against it and bring all suits and actions in its behalf that may be required or determined upon by the board, However, if the board of trustees so elects, it may employ independent legal counsel at the pension fund expense for the purposes contained herein, together with such other professional, technical, or other advisers as the board deems necei sary. This section shall specifically apply to all funds receiving state moneys pursuant to this chapter. xl.rop. a 1, Ch .-249, a. Ia rn I,-,. a. 1a Ch hi a.. m. 9a-1. 175.301 Depository for pension funtls.—All funds and securities of the firefighters' pension trust fund may be deposited by the board of trustees with the treasurer of the municipality or special fire control district, acting in a ministerial capacity only, who shall be liable in the same manner and to the same extent as he is liable for the safekeeping of funds for the municipality or special fire control district, However, any funds and securities so deposited with the treasurer of the municipality or special fire control district shall be kept in a separate fund by the treasurer or clearly identified as such funds and securities of the firefighters' pension trust fund. In 1248 F.S. 1993 F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 lieu thereof, the board of trustees shall deposit the funds and securities of the firefighters' pension trust fund in a qualified public depository as defined in s. 280.02, which depository with regard to such funds and securities shall conform to and be bound by all of the provisions of chap- ter 280. nl.rwy. a.1, Ch. 53-2as. s. 19 rn.91-169. i. 17, Ch W-41 C 2 Ch N-1M s. 33 Ch. 93-IN 175.311 Municipalities, special fire control dis- tricts, and boards independent of each other. -In the enforcement and in the interpretation of the provisions of this chapter, each municipality and each special fire control district shall be independent of any other munici pality or special fire control district, and the board of trustees of the firefighters' pension trust fund of each municipality and each special fire control district shall function for the municipality or special fire control district which it serves as trustee. Each board of trustees shall be independent of the municipality or special fire control district for which it serves as board of trustees to the extent required to accomplish the intent, requirements, and responsibilities provided for in this chapter. xlfrwy. 5.1. Ches249: a. 4. Ch ]4dW. 5. 18 Ch 6 41, c.34 Ch. 91193. 175.321 Application of as. 175.101-175.121, 175.131-175.151.—Sections 175.101-175.121 and 175.131-175.151 are applicable in relation to each municipality or special fire control district of the state which now has or hereafter establishes a firefighters' pension trust fund or a pension fund for firefighters, regardless of whether the municipality or special fire control district falls within the classification of s. 175.041 and has its firefighters' pension trust fund established under the provisions thereof, or whether the pension fund of the municipality or special fire control district exists under other general or special laws of the state or a local ordinance. The remaining sections of this chapter which apply specifically to the creation of a board of trustees, define its powers, and establish a fire- fighters' pension trust fund in each municipality or spe- cial fire control district, as well as such sections as define the person who shall be entitled to a pension out of such fund and the amount thereof govern the condi- tions upon which such pensions shall be allowed, and define the duties of the officers of those municipalities or special fire control districts in relation to such fund, shall not apply to any municipality which had a municipal firefighters' pension trust fund or municipal pension fund for firefighters and police officers on July 1, 1963, or to any special fire control district which now has a fire- fighters' pension trust fund. HxW,, s. 1, Ch. W-2491 v. m m.61-168 s. W Ch. 93-193. 175.331 Rights of firemen under former law. —The rights of firemen established by any former provisions of this act shall not be impaired nor shall their benefits be reduced by virtue of any provisions of this act provided, however, that no member may receive the benefits under the former act and also be entitled to receive the benefits under this act. Unless an election is made in writing before January 1, 1964, to the board of trustees, to remain under the provisions of the former act, it shall be conclusively presumed that the provisions of this act as amended, will apply to all firemen. Members who have retired under the former act prior to the enactment of this act, shall continue to receive their benefits under the former act. Nbtpy. s. 1. Ch W-. 175.333 Discrimination in benefit formula proll ited.—No plan established under the provisions of this chapter and participating in the distribution of premium tax moneys as provided in this chapter shall discrimi- nate in its benefit formula based on color, national origin, sex, or marital status; however, if a plan offers a joint annuitant option and the member selects such option, or the plan specifies the member's spouse is to receive the benefits which continue to be payable upon the death of the member, then in both of these cases after the benefits have commenced a retired member may change his designation of joint annuitant or beneficiary only twice, If said retired member desires to change his joint annuitant or beneficiary, he shall file with the board of trustees of his plan a notarized notice of such change either by registered letter or on a form as provided by the administrator of the plan. Upon receipt of a earn pleted change of joint annuitant form or such other notice, the board of trustees shall adjust the member's monthly benefit by the application of actuarial tables and calculations developed to ensure that the benefit paid is the actuarial equivalent of the present value of the member's current benefit. Nothing herein shall preclude a plan from actuarially adjusting benefits or offering options based upon sex, age, early retirement, or dis ability. Xlfldy. s. 4. Ch. 79-384, s. 19. Ch B 41 175.341 Duties of Division of Retirement and Department of Insurance; rulemaking authority; invest- ments by the Insurance Commissioner and Treasurer. (1) The Division of Retirement shall be responsible for the daily oversight and monitoring for actuarial soundness of the firefighters' pension plans established under this chapter; and the Department of Insurance shall be responsible for receiving and holding the pre- mium tax moneys collected under this chapter and for disbursing those moneys to the firefighters' pension plans as authorized and directed by the Division of Retirement. (2) The Division of Retirement and the Department of Insurance shall each adopt rules pertaining to their respective roles in the operation of this chapter. (3) The Insurance Commissioner and Treasurer shall invest and reinvest the funds of the trust fund collected under this chapter in accordance with ss. 215.44- 215.53. XI4bry. s.1, Ch 6249, SS. 13, 35. Ch. W-1 W: 5. X Ch re -ha 175.351 Municipalities and special fire control dis- tricts having their own pension plans for firefighters. — In order for municipalities and special fire control dis- tricts with their own pension plans for firefighters or for firefighters and other employees to participate in the dis- tribution of the tax fund established in ss. 175,101- 175.121 and 175.131-175.151. their pension funds must meet each of the following standards: 1249 Ch. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F S 1993 F.S. 1993 (1) The plan must be for the purpose of providing retirement and disability income for firefighters or their beneficiaries. (2) The normal retirement age, if any, must not be more than age 60. (3) If the plan provides for a stated period of service as a requirement to receive a retirement income, that period must not be more than 30 years. (4) The benefit formula to determine the amount of monthly pension must be equal to at least 2 percent for each year of the firefighter's credited service, multiplied by his average final compensation. However, if current state contributions pursuant to this chapter are not ade- quate to fund the additional benefits to meet the mini mum requirements in this chapter, only increment increases shall be required as state moneys are ade- quate to provide. Such increments shall be provided as state moneys become available. (5) If a ceiling on the monthly payment is stated in the plan, it should be no lower than $100. (6) Death or survivor benefits and disability benefits may be incorporated into the plan as the municipalities or special fire control districts wish, but in no event should the single -sum value of such benefits as of the sate of termination of service because of death or dis- ability exceed: (a) One hundred times the estimated normal retire- ment income, based on the assumption that the present rate of compensation continues without change to nor- mal retirement date, (b) Twice the annual rate of compensation as of date of termination of service, or (c) The single -sum value of the accrued deferred retirement income (beginning at normal retirement date) at date of termination of service, whichever is greatest; however, nothing in this subsec- tion shall require any reduction in death or disability ben- efits provided by a retirement plan in effect prior to July 1, 1963. (7) Eligibility for coverage under the plan must be based upon length of service or attained age, or both; and benefits must be determined by a nondiscrimina- tory formula based upon: (a) Length of service and compensation, or (b) Length of service. (8) The retirement plan shall require participants to contribute toward the cost of the plan an amount which shall not be less than 1 percent of salary, and it must set forth the termination rights, if any, of an employee before retirement. (9) An actuarial valuation of the retirement plan must be made at least once every 5 years commencing December 31, 1968, and at least every 3 years com- mencing from the last actuarial report of the plan or sys tem or from October 1, 1986, if no actuarial report has been issued within the 3 years prior to October 1, 1983, Such valuation shall be prepared by an enrolled actuary. Such valuation shall be subject to the following: (a) The assets shall be valued at cost or market or on such other basis as may be approved by the division. (b) Minimum actuarial assumptions and methods to be used in valuing the liabilities shall be provided by the division and revised from time to time by it. The valuation must be on basis and methods not less conservative than those set forth by the division. (c) The cost of the actuarial valuation must be paid by each individual firefighters' retirement fund or by the municipality or special fire control district. (d) A report of the valuation, including actuarial assumptions and type and basis of funding, shall be made to the division within 3 months after the date of valuation. If any benefits are insured with a commercial insurance company, the report should include a state- ment of the relationship of the retirement plan benefits to the insured benefits and, in addition, the name of the insurer, basis of premium rates, mortality table, interest rate, and method used in valuing the retirement benefits. (a) However, if an actuarial valuation has been made subsequent to December 31, 1963. the 5-year period will commence on the date of that valuation. (10) The municipality or special fire control district shall contribute to the plan annually an amount which, together with the contributions from the firefighters and the amount derived from the premium tax provided in s. 175.101 and other income sources as authorized by law, will be sufficient to meet the normal cost of the plan and to fund the actuarial deficiency over a period of not more than 40 years. (11) No retirement plan or amendment to a retirement plan shall be proposed unless the proposed plan or amendment contains an actuarial estimate of the costs involved. No such proposed plan change shall be adopted without the approval of the municipality or spe- cial fire control district. Copies of the proposed change and the actuarial impact statement of the proposed change shall be furnished to the division prior to the last public hearing thereon. Such statement shall also indi Cate whether the proposed change is in compliance with S. 14. Art. X of the State Constitution and those provi- sions of part VII of chapter 112 which are not expressly provided in this chapter. (12) Each year, on or before March 15, the trustees of the retirement plan shall submit the following informa- tion to the division in order for the retirement plan of such municipality or special fire control district to receive a share of the state funds for the then current calendar year; when any of these items would be identi- cal with the corresponding item submitted for a previous year, it is not necessary for the trustees to submit dupli- cate information if they make reference to the item in such previous year's report: (a) A certified copy of each and every instrument constituting or evidencing the plan. This includes the formal plan, including all amendments, the trust agree ment, copies of all insurance contracts, and formal announcement material. (b) An independent audit by a certified public accountant if the fund has $100.000 or more in assets, or a certified statement of accounting if the fund has less than $100,000 in assets, for the most recent fiscal year of the municipality or special fire control district, show- ing a detailed listing of assets and a statement of all income and disbursements during the year. Such income and disbursements must be reconciled with the assets at the beginning and end of the year. 1250 F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch 175 of A certified statement listing the investments of the plan and a description of the methods used in valu ing the investments. (d) A statistical exhibit showing the total number of firefighters, the number included in the plan, and the number ineligible classified according to the reasons for their being ineligible. (e) A certified statement describing the methods, factors, and actuarial assumption used in determining the cost. If) A certified statement by an enrolled actuary showing the results of the latest triennial valuation of the plan and a copy of the detailed worksheets showing the computations used in arriving at the results. (g) A statement of the amount the municipality or special fire control district, or other income source, has contributed toward the plan for the most recent fiscal year and will contribute toward the plan for the current fiscal year. (13) If a municipality or special fire control district has a firefighters' retirement fund which, in the opinion of the division, meets the standards set forth in subsections (1) through (12), the board of trustees of the pension fund, as approved by a majority of firefighters of the munici- pality or special fire control district affected, or the din cial pension committee, as approved by a majority of firefighters of the municipality or special fire control dis- trict affected, may place the income from the premium tax in s. 175,101 in its existing pension fund for the sole and exclusive use of its firefighters (or for firefighters and police officers where included), where it shall become an integral part of that fund, or may use such income to pay extra benefits to the firefighters included in the fund. (14) The retirement plan setting forth the benefits and the trust agreement, if any, covering the duties and responsibilities of the trustees and the regulations of the investment of funds must be in writing, and copies thereof must be made available to the participants and to the general public. (15)(a) The membership of boards oftrusteesforpen - sion plans operated pursuant to this section shall be as follows: 1. If a municipality or special fire control district has a pension plan for firefighters only, the provisions of s. 175.061 shall apply. 2. If a municipality has a pension plan for fire- fighters and police officers, the provisions of s. 175.061 shall apply, except that two members of the board shall be firefighters or police officers who shall be elected by a majority of the firefighters and police officers who are members of the plan. 3. If a municipality or special fire control district has a pension plan for firefighters and general employees, at least one member of the board shall be a firefighter who shall be elected by a majority of the firefighters who are members of the plan. 4. If a municipality has a pension plan for fire- fighters, police officers, and general employees, at least one member of the board shall be a firefighter or police officer who shall be elected by a majority of the fire- fighters and police officers who are members of the plan. (b) Nothing in this section shall permit the reduction of the membership percentage of firefighters, or fire- fighters and police officers where a joint or mixed fund exists, on any board of trustees operating a pension plan pursuant to this section on June 30, 1966. (16) The provisions of this section and s. 175.061 may not be changed by a participating municipality or special fire control district operating a pension plan pursuant to this section. HC:Zq o. 1. c6 a4 D cc. 13, 35, Ch 69-106 5 5 Ch ]9-Chu s 21 Ch in-liv S 47, Ch W 217 1 M ch 6S41,5.31 Ch.12-1sa 175.361 Termination of plan anm distribution of fund. —Upon termination of the plan by the municipality or special fire control district for any reason, or upon writ- ten notice by the municipality or special fire control dis fret to the board of trustees that contributions under the plan are being permanently discontinued, the fund shall be apportioned and distributed in accordance with the following procedures: (1) The board of trustees shall determine the date of distribution and the asset value to be distributed, after taking into account the expenses of such distribution. (2) The board of trustees shall determine the method of distribution of the asset value, that is, whether distribution shall be by payment in cash, by the maintenance of another or substituted trust fund, by the purchase of insured annuities, or otherwise, for each firefighter entitled to benefits under the plan as spool fied in subsection (3), (3) The board of trustees shall apportion the asset value as of the defeat termination more manner set forth in this subsection, on the basis that the amount required to provide any given retirement income shall mean the actuarially computed single -sum value of such retire- ment income, except that if the method of distribution determined under subsection (2) involves the purchase of an insured annuity, the amount required to provide the given retirement income shall mean the single pre thrum payable for such annuity. (a) Apportionment shall first be made in respect of each retired firefighter receiving a retirement income hereunder on such date, each person receiving a retire- ment income on such date on account of a retired (but since deceased) firefighter, and each firefighter who has, by such date, become eligible for normal retirement but has not yet retired, in the amount required to provide such retirement income, provided that, if such asset value is less than the aggregate of such amounts, such amounts shall be proportionately reduced so that the aggregate of such reduced amounts will be equal to such asset value. (b) If there is any asset value remaining after the apportionment under paragraph (a), apportionment shall next be made in respect of each firefighter in the service of the municipality or special fire control district on such date who has completed at least 10 years of credited service, who has contributed to the firefighterspension trust fund for at least 10 years, and who is not entitled to an apportionment under paragraph (a), in the amount required to provide the actuarial equivalent of the accrued normal retirement income, based on the fire- fighter's credited service and earnings to such date, and 1251 If, after a period Of 24 months after the date on which the plan terminated or the date on which the board received written notice that the contributions thereunder were being permanently discontinued, the municipality or special fire control district or the board of trustees of the firefighters' pension trust fund affected has net com- plied with all the provisions in this section, the division shall effect the termination of the fund in accordance with this section. HIShoo—C. I. Ch g}248 1.5 Ch 6i56 s. 22. Ch al-lol s. 48. cn. M-217 5 21, Ch 65-4 i,6 W Ch,w-193 175.371 Transfer to another state retirement sys- tem; benefits payable.— (1) Any firefighter who has a vestetl right to benefits under a pension plan created pursuant to the provisions of this chapter and who elects to participate in another slate retirement system may not receive a benefit under the provisions of the latter retirement system for any year's service for which benefits are paid under the pro- visions of the pension plan created pursuant to this chapter (2) When every active participant in any pension Plan created pursuant to this chapter elects to transfer to another slate retirement system, the pension plan ore Ch. 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS F.S. 1993 F.S. 1993 each former participant then entitled to a benefit under start pursuant to this chapter shall be terminated and the provisions of s. 175 211 who has not by such date the assets distributed in accordance with s. 175 361. If reached his normal retirement date, in the amount some participants in a pension plan created pursuant to required to provide the actuarial equivalent of the this chapter elect to transfer to another state retirement accrued normal retirement income to which he is enti- system and other participants elect to remain in the red under s. 175.211; provided that, if such remaining existing plan created pursuant to this chapter, the pan asset value is less than the aggregate of the amounts created pursuant to this chapter shall remain in effect IIapportioned hereunder, such latter amounts shall be until fully funded and shall then be terminated in accord Proportionately reduced so that the aggregate of such ance with s. 175,361. reduced amounts will be equal to such remaining asset H1l. 22, <n86-11. value. (C) It there is any asset value after the apportion- 175.381 Applicability of ch. 86-41.—Cho ter ments under paragraphs a and b , a 86-41, Laws of Florida, shall apply to all plans presently shall lastly be made in respect each firefighter in the existing or to be created pursuant to this chapter. How service of the municipality or special fire control district aver, those plans presently existing pursuant to s. on such date who is not entitled to an apportionment 175.351 and not in compliance with the provisions of under paragraphs (a) and I in the amount equal to the chapter 86-41, except as otherwise provided in chapter firefighter's total contributions to the plan to date of ten 86-41, shall comply no later than December 31, 1986, mination; Provided that, if such remaining asset value is provided that a fund established by legislative act shall less than the aggregate Of the amounts apportioned comply no later than October 1, 1987, and provided fur - hereunder, such latter amounts shall be proportionately ther that nothing contained in this chapter shall operate reduced so that the aggregate of such reduced amounts to reduce presently existing rights or benefits of any fire will be equal to such remaining asset valuefighter directly, indirectly, or otherwise. (d) In the event that there is asset value remaining (b), and (c), such excess shellllH1.ron. � 23. rn 35-41 after the full apportionment P Ch led in paragraphs (a), 175.391 Costs; Mornay's fees. —In any judicial pro- be returned to the munici- pality or special fire control district, less return to the chapter or administrative proceeding as provided in state of the state'a contributions, provided that, if the chapter hap brought under or pursuant to the provisions excess is less than the total contributions made by the of ov chapter, the prevailing party shall be entitled to municipality or special fire control district and the state recover the costs thereof, together with reasonable to date of termination of the plan, such excess shall be aHo�ney's fees. divided proportionately to the total contributions made �' :. z4, rn. ss-41. by the municipality or special fire control district and the 175.401 Retiree health insurance subsidy. —Under state. the broad grant of home rule powers under the Florida (4) The board of trustees shall distribute, in accord Constitution and chapter 166, municipalities have the ance with the manner of distribution determined under authority to establish and administer locally funded subsection (2), the amounts apportioned under subsec- health insurance subsidy programs. In addition, special Lion (3). fire control districts may, by resolution, establish and administer locally funded health insurance subsidy pro grams. Pursuant thereto: (1) PURPOSE. —The purpose of this section is to allow municipalities and special fire control districts the option to use premium tax moneys, as provided for under this chapter, to establish and administer health insurance subsidy programs which will provide a monthly subsidy payment to retired members of any fire- fighters' pension trust fund system or plan as Provided under this chapter, or to beneficiaries who are spouses or financial dependents entitled to receive benefits under such a plan, in order to assist such retired mem- bers or beneficiaries in paying the costs of health insur Since. (2) RETIREE HEALTH INSURANCE SUBSIDY TRUST FUNDS; ESTABLISHMENT AND TERMINATION. (a) Any municipality or special fire control district having a firefighterspension trust fund system Or plan as provided under this chapter may, in its discretion, establish by ordinance or resolution, as appropriate, a trust fund to be known as the firefighters' retiree health insurance subsidy trust fund. This fund may be a saps rate account established for such purpose in the exist- ing firefighters' pension fund, provided that all funds deposited in such account are segregated from, and not 1252 F.S. 1993 ^ be terminated and :e with s. 175.361. If created pursuant to =mer state retirement r:t to remain in the IS chapter, the plan .all remain in effect nrminated in accord- 86-41.—Chapter all plans presently r this chapter. How- ng pursuant to s. .r the provisions of provided in chapter ,acember 31, 1986, legislative act shall r, and Provided fur- iapter shall operate Pori of any fire se. In any Judicial pro 19 as provided in it to the provisions shall be entitled to with reasonable subsidy. —Under under the Florida parities have the er locally funded i addition, special m, establish and nice subsidy pro - iiis section is to rural districts the as provided for administer health i will provide a tubers of any fire- ulan as Provided vine are Spouses eceive benefits ich retired them. s of health insun JCE SUBSIDY TERMINATION, control district system or plan its discretion, appropriate, a s' retiree health may be a sepa- Ise in the exist - I that all funds of from, and not F.S. 1993 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS Ch. 175 commingled with, pension funds or other public moneys and that the account otherwise conforms to the require- ments of subsection (8). The trust fund shall be used to account for all moneys received and disbursed pursuant to this section. (b) Prior to the second reading of the ordinance before the municipal legislative body, or of the resolution before the governing body of the special fire control dis trict, an actuarial valuation must be performed by an enrolled actuary as provided in s. 112.63, and copies of the valuation and the proposed implementing ordinance or resolution shall be furnished to the division. (c) The subsidy program may, at the discretion of the municipal governing body, be permanently distort tinned by municipal ordinance, and at the discretion of the governing body of a special fire control district may be permanently discontinued by resolution, at any time, subject to the requirements of any applicable collective bargaining agreement, in the same manner and subject to the same conditions established for plan termination and fund distribution under s. 175.361. (3) FUNDING. —Trust funds established pursuant to this section shall be funded in the following manner: (a) By payment to the fund of an amount equivalent to one-half of the net increase over the previous tax year in the premium tax funds provided for In this chapter, said amount to be established in the implementing Pat nance or resolution. (b) By no less than 1 percent of the base salary of each firefighter, for so long as the firefighter is employed and covered by a pension plan established pursuant to this chapter. The municipality or special fire control dis- trict, with approval of the board of trustees, may increase member contributions if needed to fund bene- fits greater than the minimums established in this sec- tion. (c) By payment by the municipality or special fire control district, on at least a quarterly basis, of whatever sum is determined necessary to maintain the actuarial soundness of the fund in accordance with s. 112.64. Such contributions and payments shall be submitted to the board of trustees of the firefighterspension trust fund, or the plan trustees in the case of local plans established under s. 175.351, and deposited in the fire fighters' retiree health insurance subsidy trust fund, in the same manner and subject to the same time con straints as provided under s. 175,131. (4) ELIGIBILITY FOR RETIREE HEALTH INSURANCE SUBSIDY. —A person who has contributed to the retiree health insurance subsidy trust fund and retires under a firefighters' pension trust fund system or plan as pro vided under this chapter, including any local plan as pro- vided under s. 175.351, or a beneficiary who is a spouse or financial dependent entitled to receive benefits under such a plan, is eligible for health insurance subsidy pay- ments provided under this section. However, the fund, with approval of the board of trustees and approval of the municipality or special fire control district, may pro- vide coverage to retirees and beneficiaries when the retirees have not contributed to the fund as provided in subsection (3). Payment of the retiree health insurance subsidy shall be made only after coverage for health insurance for the retiree or beneficiary has been certified in writing to the board of trustees of the firefighters' pen- sion trust fund. (5) RETIREE HEALTH INSURANCE SUBSIDY AMOUNT. —Beginning on the effective dale established in the implementing ordinance or resolution, each Si gi- ble retiree, or beneficiary who is a spouse or financial dependent thereof, shall receive a monthly retiree health insurance subsidy payment equal to the aggregate num- ber of years of service, as defined in s. 175.032, com- pleted at the time of retirement multiplied by an amount determined in the implementing ordinance or resolution, but no less than $3 for each year of service. Nothing herein shall be construed to restrict the plan sponsor from establishing, in the implementing ordinance or res- olution, a cap of no less than 30 years upon the number of years' service for which credit will be given toward a health insurance subsidy or a maximum monthly sub- sidy amount. (6) PAYMENT OF RETIREE HEALTH INSURANCE SUBSIDY. —Beginning on the effective date established in the implementing ordinance or resolution, any monthly retiree health insurance subsidy amount due and payable under this section shall be paid to retired members, or their eligible beneficiaries, by the board of trustees of the firefighters' pension trust fund, or the plan trustees in the case of local plans established under s. 175.351, in the same manner as provided by s. 175.071(1)(c) for drafts upon the pension fund. (7) INVESTMENT OF THE TRUST FUND. —The trustees of the firefighters' pension trust fund, or the plan trustees in the case of local plans established under s. 175.351, are hereby authorized to invest and reinvest the funds of the firefighters' retiree health insur- ance subsidy trust fund in the same manner and subject to the same conditions as apply hereunder to the invest- ment of firefighters' pension funds under s. 175 071. (8) DEPOSIT OF HEALTH INSURANCE SUBSIDY FUNDS. —All funds and securities of the health insur- ance subsidy fund may be deposited by the board of trustees with the treasurer of the municipality or special fire control district, acting in a ministerial capacity only, who shall be liable in the same manner and to the same extent as he is liable for the safekeeping of funds for the municipality or special fire control district. Any funds so deposited shall be segregated by the treasurer in a sep- arate fund, clearly identified as funds and securities of the health insurance subsidy fund. In lieu thereof, the board of trustees shall deposit the funds and securities of the health insurance subsidy fund in a qualified public depository as defined in s. 28002, which shall conform to and be bound by the provisions of chapter 280 with regard to such funds. In no case shall the funds of the health insurance subsidy fund be deposited in any finan- cial institution, brokerage house trust company, or other entity that is not a public depository as provided by s. 280 02. (9) SEPARATION FROM SERVICE, REFUNDS. — Any firefighter who terminates employment with a municipality or special fire control district having a retiree health insurance subsidy trust fund system or plan as provided under this section shall be entitled to a refund of all employee contributions he made to that 1253 Ch. 175 MUNICIPAL FIgEFIGHTEgS' PENSION TSUST FUNDS F.S. 1993 trust fund, without interest, regardless of whether he has vested for purposes of retirement. Any firefighter who has vested for purposes of retirement in the service of the municipality or special fire control district, and has contributed to the firefighters' retiree health insurance subsidy trust fund for so long as he was eligible to make such contributions, may, in his discretion, elect to leave his accrued contributions in the fund, whereupon, such firefighter shall, upon retiring and commencing to draw retirement benefits, receive a health insurance subsidy based upon his aggregate number of years of service, as defined in S. 175.032. (10) ADMINISTRATION OF SYSTEM; ACTUARIAL VALUATIONS; AUDITS; RULES; ADMINISTRATIVE COSTS. —The board of trustees of the firefighters' pen- sion trust fund, or the plan trustees in the case of local Plans established under s. 175.351, shall be solely responsible for administering the health insurance sub- sidy trust fund. Pursuant thereto: (a) As part of its administrative duties, no less he quently than every 3 years. the board shall have an actu- arial valuation of the firefighters' retiree health insurance subsidy trust fund prepared as provided in s. 112.63 by an enrolled actuary, covering the same reporting period or plan year used for the firefighters' pension plan, and shall submit a report of the valuation, including actuarial assumptions and type and basis of funding, to the divi sion. (b) By February 1 of each year, the trustees shall file a report with the division, containing an independent audit by a certified public accountant if the fund has $100,000 or more in assets, or a certified statement of accounting if the fund has less than $100.000 in assets, for the most recent fiscal year of the municipality or spe- cial fire control district, showing a detailed listing of assets and methods used to value them and a state- 1254 ment of all income and disbursements during the year. Such income and disbursements shall be reconciled with the assets at the beginning of and end of the year. (c) The trustees may adopt such rules and regula- tions as are necessary for the effective and efficient administration of this section. (d) At the discretion of the plan sponsor, the cost of administration may be appropriated from the trust fund or paid directly by the plan sponsor. (11) BENEFITS —Subsidy payments shall be payable under the firefighters' retiree health insurance subsidy program only to participants in the program or their ben- eficiaries. Such subsidy payments shall not be subject to assignment, execution, or attachment or to any legal process whatsoever, and shall be in addition to any other benefits to which eligible recipients are entitled under any workers' compensation law, pension law, col- lective bargaining agreement, municipal or county Inch nance, or any other state or federal statute. (12) DISTRIBUTION OF PREMIUM TAXES; COMPLI ANCE REQUIRED. —Premium tax dollars for which spending authority is granted under this section shall be distributed from the Insurance Commissioner's Regula- tory Trust Fund and remitted annually to municipalities and special fire control districts in the same manner as provided under this chapter for firefighters' pension funds. Once a health insurance subsidy plan has been implemented by a municipality or special fire control dis trict under this section, in order for the municipality or special fire control district to participate in the distribu- tion of premium tax dollars authorized under this sec- tion, all provisions of this section shall be complied with, and said premium tax dollars may be withheld for non compliance. HYwry. s. 1. CR 92-61 s. 39, r, M-1. S. 171.0413 s. 171.0413 1994 SUPPLEMENT TO FLOflIDA STATUTES 1993 s. 175.121 area of the municipality or cumulatively to exceed more than 5 percent of the municipal population, the ordi- nance shall be submitted to a separate vote of the regis tered electors of the annexing municipality and of the area proposed to be annexed. The referendum on annexation shall be called and conducted and the expense thereof paid by the governing body of the annexing municipality. (a) The referendum on annexation shall be held at Me next regularly scheduled election following the final adoption of the ordinance of annexation by the govern - Ira body of the annexing municipality or at a special election called for the purpose of holding the referen- dum. However, the referendum, whether held at a regm early scheduled election or at a special election, shall not be held sooner than 30 days following the final adoption of the ordinance by the governing body of the annexing municipality. (b) The governing body of the annexing municipality shall publish notice of the referendum on annexation at least once each week for 2 consecutive weeks immedi- ately preceding the date of the referendum in a newspa- per of general circulation in the area in which the referee Jam is to be held. The notice shall give the ordinance lumber, the time and places for the referendum, and a brief, general description of the area proposed to be annexed. The description shall include a map clearly showing the area and a statement that the complete regal description by metes and bounds and the char nance can be obtained from the office of the city clerk. (c) On the day of the referendum on annexation 'here shall be prominently displayed at each polling Place a copy of the ordinance of annexation and a •:escription of the property proposed to be annexetl. The description shall be by metes and bounds and shall Include a map clearly showing such area, (d) Ballots or mechanical voting devices used in the referendum on annexation shall offer the choice For annexation of property described in ordinance number of the City of _' and "Against annexation of conicity described in ordinance number of the City of _"in that order. (a) If the referendum is held only in the area pro- posed to be annexed and receives a majority voteor if he ordinance is submitted to a separate vote of he reg- istered electors of the annexing municipality and the area proposed to be annexed and there is a separate maprity vote for annexation in the annexing municipality and in the area proposed to be annexed, the ordinance of annexation shall become effective on the effective date specified therein. If there Is any majority vote against annexation, the ordinance shall not become effective, and the area proposed to be annexed shall not be the subject of an annexation ordinance by the annex - 'ceg municipality for a period of 2 years from the date of :he referendum on annexation. (3) Any parcel of land which is owned by one individ "al. corporation, or legal entity, or owned collectively by one or more individuals, corporations, or legal entities, Proposed to be annexed under the provisions of this act shall not be severed, separated, divided, or partitioned by the provisions of said ordinance, but shall, if intended m be annexed, or if annexed, under the provisions of this 321 act, be annexed in its entirety and as a whole. However, nothing herein contained shall be construed as affecting the validity or enforceability of any ordinance declaring an intention to annex land under the existing law that has been enacted by a municipality prior to July 1, 1975. The owner of such property may waive the requirements of this subsection It such owner does not desire all of his tract or parcel included in said annexation. (4) Except as otherwise provided in this Iaw, the annexation procedure as set forth in this section shall constitute a uniform method for the adoption of an ordi- nance of annexation by the governing body of any municipality in this state, and all existing provisions of special laws which establish municipal annexation pro cedures are repealed hereby, except that any provision or provisions of special law or laws which prohibit annex- ation of territory that is separated from the annexing municipality by a body of water or watercourse shall not be repealed. (5) If more than 70 percent of the land in an area pro posed to be annexed is owned by individuals, corpora Liens, or legal entities which are not registered electors of such area, such area shall not be annexed unless the owners of more than 50 percent of the land in such area consent to such annexation. Such consent shall be obtained by the parties proposing the annexation prior to the referendum to be held on the annexation- (6) Notwithstanding subsections (1) and (2), if the area proposed to be annexed does not have any regis tered electors on the date the ordinance is finally adopted, a vote of electors of the area proposed to be annexed is not required. In addition to the requirements of subsection (5), the area may not be annexed unless the owners of more than 50 percent of the parcels o1 land in the area proposed to be annexed consent to the annexation. If a referendum of the annexing municipality is not required as well pursuant to subsection (2), then the property owner consents required pursuant to sub section (5) shall be obtained by the parties proposing the annexation prior to the final adoption of the ordi- nance, and the annexation ordinance shall be effective upon becoming a law or as otherwise provided in the ordinance. m ]6.BILz I ch. 8fi-113 Ip crs 90.99 s. l6. ch ARM`, s. 1.J 93-24 3 s . L cn 9f-196 CHAPTER 175 MUNICIPAL FIREFIGHTERS' PENSION TRUST FUNDS 175.121 Department of Revenue, Department of Insur- ance, and Division of Retirement to keep accounts of deposits, disbursements. 175,181 Beneficiaries. 175.401 Retiree health insurance subsidy. 175.121 Department of Revenue, Department of Insurance, and Division of Retirement to keep accounts of deposits; disbursements. s, 175.121 1994 SUPPLEMENT TO FLORIDA STATUTES 1993 S. 175.401 s. 175.401 (1) The Department of Revenue shall keep a sepa rate account of all moneys collected for each municipal- ity and each special fire control district under the provi- sions of this chapter. All moneys so collected must be transferred to the Insurance Commissioner and Trees urer, who, after deducting the necessary expenses incurred by the Department of Insurance in carrying out the provisions of this act, shall transfer the moneys into the Insurance Commissioner's Regulatory Trust Fund and shall be separately accounted for by the Depart ment of Insurance. The moneys budgeted as necessary to pay the expenses of the division for the daily over- sight and monitoring of the firefighterspension plans under this chapter and for the oversight and actuarial reviews conducted under part VII of chapter 112 are annually appropriated from the moneys collected for each municipality or special fire control district. (2) The Comptroller shall, on or before June 1 of each year, and at such other times as authorized by the division and requested by the Treasurer, draw his war- rants on the full net amount of money then on deposit pursuant to this chapter in the Insurance Commission. at Regulatory Trust Fund, specifying the municipalities and special fire control districts to which the moneys must be paid and the net amount collected for and to be paid to each municipality or special fire control dis trict, respectively, subject to the limitation on disburse- ment under s. 175.122. The sum payable to each munor pality or special fire control district is appropriated annu- ally out of the Insurance Commissioner's Regulatory Trust Fund The warrants of the Comptroller shall be payable to the respective municipalities and special fire control districts entitled to receive them and shall be remitted annually by the Department of Insurance to the respective municipalities and special fire control dis tricts. In order for a municipality or special fire control district and its pension fund to participate in the distribu- tion of premium tax moneys under this chapter, all the provisions shall be complied with annually, including state acceptance pursuant to part VII of chapter 112. (3)(a) All moneys not distributed to municipalities and special fire control districts under this section as a result of the limitation on disbursement contained in s. 175.122, or as a result of any municipality or special fire control district not having qualified in any given year, or portion thereof, shall be transferred to the Firefighters' Supplemental Compensation Trust Fund administered by the Department of Revenue, as provided in S. 633.382. (b)1. Moneys transferred under paragraph (a) but not needed to support the supplemental compensation program in a given year shall be redistributed pro rate to those participating municipalities and special fire con trot districts that transfer any portion of their funds to Support the supplemental compensation program in that year. Such additional moneys shall be used to cover OF offset costs of the retirement plan. 2, To assist the Department of Revenue, the divi- sion shall identify those municipalities and special fire control districts that are eligible for redistribution as pro - video in s. 633,382(4)(c)2., by listing the municipalities t and special fire control districts from which funds were i 322 transferred under paragraph (a) and specifying the amount transferred by each. u3i —s. 1, cn M-249. ss. a Fin cn. 69-"1 x. y crt 74-bel s.3, ch re 61. t 7. U 86 41 S 21 ch. i i4M1 c n cn.94-}59 175.181 Beneficiaries.— U) Each firefighter may, on a form provided for that Purpose, signed and filed with the board of trustees, designate a beneficiary (or beneficiaries) to receive the benefit, if any, which may be payable in the event of his death, and each designation may be revoked by such firefighter by signing and filing with the board of trustees a new designation -of -beneficiary form. (2) If a deceased firefighter fails to name a benefi- ciary in the manner prescribed in subsection If I, or if the beneficiary (or beneficiaries) named by a deceased firefighter predecease the firefighter, the death benefit, if any, which may be payable under the plan with respect to such deceased firefighter may be paid, in the discretion of the board of trustees, either to: (a) The wife or dependent children of the firefighter; or (b) The dependent living parents of the firefighter. (3) Notwithstanding any other provision of law to the contrary, the surviving spouse of any pension partici- pant member killed in the line of duty shall not lose survi- vor retirement benefits if the spouse remarries. The sur viving spouse of such deceased member whose benefit terminated because of remarriage shall have the benefit reinstated as of July 1, 1994, at an amount that would have been payable had such benefit not been termi- nated. This paragraph shall apply to all municipalities which receive state excise tax moneys as provided in s. 175,101. History. -s. I, cn. in-y', s. " r,ea s 4, cR 94- V I. 175.401 Retiree health insurance subsitly.—Under the broad grant of home rule powers under the Florida Constitution and chapter 166, municipalities have the authority to establish and administer locally funded health irsurance subsidy programs. In addition, special fire control districts may, by resolution, establish and administer locally funded health insurance subsidy prom - gras. Pursuant thereto. (1) PURPOSE. —The purpose of this section is to allow municipalities and special fire control districts the option to use premium tax moneys, as provided for under this chapter, to establish and administer health insurance subsidy programs which will provide a monthly subsidy payment to retired members of any firefighters' pension trust fund system or plan as pro- vided under this chapter, dell to beneficiaries who are spouses or financial dependents entitled to receive ben- efits under such a plan. in order to assist such retired members or beneficiaries in paying the costs of health nsurance. (2) RETIREE HEALTH INSURANCE SUBSIDY TRUST FUNDS, ESTABLISHMENT AND TERMINATION. (a) Any municipality or special fire control district having a firefighters' pension trust fund system or plan as Provided under this chapter may, in its discretion, establish by ordinance or resolution, as appropriate, a figh rust fund to be known as the fireters' retiree health nsurance subsidy trust fund. This fund may be a cope Lte account established for such purpose in the exist- t9 firefighterspension fund, provided that all funds Oppo mingled in such account are segregated from, and not sd that the with, pension funds or other public moneys rtl that the account otherwise conforms to the require - ,l of subsection (8). The trust fund shall be used to ,count for all moneys received and disbursed pursuant to this section. (b) Prior to the second reading of the ordinance More the municipal legislative body, or of the resolution statute the governing body of the special fire control dis- :rtl. an actuarial valuation must be performed by an enrolled actuary as provided in s. 112.63, artttl copies of the valuation and the proposed implementing ordinance a resolution shall be furnished to the division. c) The subsidy program may at the discretion of !re municipal governing body, be permanently discon- tinued by mu NClpal ord l nance, and at the discretion of rr-a governing body of a special fire control district may ce permanently discontinued by resolution, at any time, abject to the requirements of any applicable collective cargaining agreement, in the same manner and subject •o the same conditions established for plan termination and fund distribution under a- 175.361, r3) FUNDING. —Trust funds established pursuant to 'ms section shall be funded in the following manner. (a) By payment to the fund of an amount equivalent -o one -halt of the net increase over the previous fax year _. the premium tax funds provided for in this chapter, acid amount to be established in the Implementing ordi- ture or resolution. to) By no less than 1 percent of the base salary of o3ch firefighter, for so long as the firefighter is employed and covered by a pension plan established pursuant to '.'is chapterThemunicipality or special fire control dis- ,et. with approval of the board of trustees, may -cease member contributions if needed to fund bene- .1 greater than the minimums established in this sec - on ic) By payment by the municipality or special fire rrlrol district, on at least a quarterly basis, of whatever I is determined necessary to maintain the actuarial ,',jmmess of the fund in accordance with a. 112.64. Mach contributions and payments shall be submitted to ne board of trustees of the firafighters' pension trust 'ind, or the plan trustees in the case of local plans established under s. 175,351, and deposited in the '.refig here retiree health insurance subsidy trust fund, the same manner and subject to the same time con risints as provided under s. 175.131, (4) ELIGIBILITY FOR RETIREE HEALTH INSUR -NCE SUBSIDY. —A person who has contributed to the '-lise health insurance subsidy trust fund and retires .rder a firefighters' pension trust fund system or plan s provided under this chapter, including any local plan as provided under s. 175,351, or a beneficiary who is a spouse or financial dependent entitled to receive bene- 'Its under such a plan, is eligible for health insurance subsidy payments provided under this section. How - sver, the fund, with approval of the board of trustees and approval of the municipality or special fire control 1-strict, may provide coverage to retirees and beneficia- has when the retirees have not contributed to the Lund as provided in subsection (3). Payment of the retiree health insurance subsidy shall be made only after cover age for health insurance for the retiree or beneficiary has been certified in writing to the board of trustees of the firefighters' pension trust fund. (5) RETIREE HEALTH INSURANCE SUBSIDY AMOUNT. —Beginning on the effective date established in the implementing ordinance or resolution, each eligi- ble retiree, or beneficiary who is a spouse or financial dependent thereof, shall receive a monthly retiree health insurance subsidy payment equal to the aggregate number of years of service, as defined in s. 175.032. completed at the time of retirement multiplied by an amount determined in the implementing ordinance or resolution, but no less than $3 for each year of service. Nothing herein shall be construed to restrict the plan sponsor from establishing, In the implementing ordi- nance or resolution, a cap of no less than 30 years upon the number of years service for which credit will be given toward a health insurance subsidy or a maximum monthly subsidy amount. (6) PAYMENT OF RETIREE HEALTH INSURANCE SUBSIDY. —Beginning on the effective date established in the implementing ordinance or resolution, any monthly retiree health insurance subsidy amount due and payable under this section shall be paid to retired members, or their eligible beneficiaries, by the board of trustees of the firefighters' pension trust fund, or the plan trustees in the case of local plans established under s. 175.351, in the same manner as provided by s. 175.071(1)(c) for drafts upon the pension fund. (7) INVESTMENT OF THE TRUST FUND. —The trustees of the firefighters' pension trust fund, or the plan trustees in the case of local plans established under s. 175.351, are hereby authorized to invest and reinvest the funds of the firefighters' retiree health insur- ance subsidy trust fund in the same manner and subject to the same conditions as apply hereunder to the invest- ment of firefighters' pension funds under s. 175,071. (8) DEPOSIT OF HEALTH INSURANCE SUBSIDY FUNDS. —All funds and securities of the health insur- ance subsidy fund may be deposited by the board of trustees with the treasurer of the municipality or special fire control district, acting in a ministerial capacity only, who shall be liable in the same manner and to the same extent as he is liable for the safekeeping of funds for the municipality or special fire control district. Any funds so deposited shall be segregated by the treasurer in a sep- arate fund, clearly identified as funds and securities of the health insurance subsidy fund. In lieu thereof, the board of trustees shall deposit the funds and securities of the health insurance subsidy fund in a qualified public depository as defined in s. 280.02, which shall conform to and be bound by the provisions of chapter 280 with regard to such funds. In no case shall the funds of the health insurance subsidy fund be deposited in any finan- cial institution, brokerage house trust company, or other entity that is not a public depository as provided by s. 280.01 (9) SEPARATION FROM SERVICE I REFUNDS. — Any firefighter who terminates employment with a municipality or special fire control district having a 323 s. 175.401 1994 SUPPLEMENT TO FLORIDA STATUTES 1993 s. 117 031 retiree health insurance subsidy trust fund system or plan as provided under this section shall be entitled to a refund of all employee contributions he made to that trust fund, without interest, regardless of whether he has vested for purposes of retirement. Any firefighter who has vested for purposes of retirement in the service of the municipality or special fire control district, and has contributed to the firefighters' retiree health insurance subsidy trust fund for so long as he was eligible to make such contributions, may, in his discretion, elect to leave his accrued contributions in the fund, whereupon, such firefighter shall, upon retiring and commencing to draw retirement benefits, receive a health insurance subsidy based upon his aggregate number of years of service, as defined in s. 175.032. (10) ADMINISTRATION OF SYSTEM, ACTUARIAL VALUATIONS', AUDITS; RULES; ADMINISTRATIVE COSTS. —The board of trustees of the firefighters' pen- sion trust fund, or the plan trustees in the case of local plans established under s. 175.351, shall be solely responsible for administering the health insurance sub- sidy trust fund. Pursuant thereto: (a) As part of its administrative duties, no less fre- quently than every 3 years, the board shall have an actin anal valuation of the firefightersretiree health insurance subsidy trust fund prepared as provided in s. 112.63 by an enrolled actuary, covering the same reporting period or plan year used for the firefighters' pension plan, and shall submit a report of the valuation, including actuarial assumptions and type and basis of funding, to the divi sion. (b) By February 1 of each year, the trustees shall file a report with the division, containing an independent audit by a certified public accountant if the fund has $100,000 or more in assets, or a certified statement of accounting if the fund has less than $100,000 in assets, for the most recent fiscal year of the municipality or spe- cial fire control district, showing a detailed listing of assets and methods used to value them and a state ment of all income and disbursements during the year. Such income and disbursements shall be reconciled with the assets at the beginning of and end of the year. (c) The trustees may adopt such rules and regula- tions as are necessary for the effective and efficient administration of this section. (d) At the discretion of the plan sponsor, the cost of administration may be appropriated from the trust fund or paid directly by the plan sponsor. (11) BENEFITS. —Subsidy payments shall be payable under the firefighters' retiree health insurance subsidy program only to participants in the program or their ben- eficiaries. Such subsidy payments shall not be subject to assignment, execution, or attachment or to any legal process whatsoever, and shall be in addition to any other benefits to which eligible recipients are entitled under any workers' compensation law, pension law, col- lective bargaining agreement, municipal or county ordi- nance, or any other state or federal statute. (12) DISTRIBUTION OF PREMIUM TAXES I COMFIT ANCE REQUIRED. —Premium tax dollars for which spending authority is granted under this section shall be distributed from the Insurance Commissioner's Regula- tory Trust Fund and remitted annually to municipalities 324 and special fire control districts in the same manner as provided under this chapter for firefighters' pension funds. Once a health insurance subsidy plan has been implemented by a municipality or special fire control or,, fort under this section, in order for the municipality a special fire control district to participate in the disinter, tion of premium tax dollars authorized under this sec tion, all provisions of this section, including state accep,. ante pursuant to part VII of chapter 112, shall be cou,. plied with, and said premium tax dollars may be withhe; for noncompliance. H,Moq, s. L ch 92-51. S. N. cn re-10 5. 12 cR 9f-259. CHAPTER 177 LAND BOUNDARIES PART I PLATTING 177.031 Definitions. 177.061 Qualification of person making survey pro plat certification. 177,071 Approval of plat by governing bodies. 177.091 Plats made for recording. 177.141 Affidavit confirming error on a recorded plat 177.151 State plane coordinate. 177.031 Definitions. —As used in this chapter. (1) "Alley means a right-of-way providing a secure sty means of access and service to abutting properf, (2) "Block" includes "tier" or "group" and means a group of lots existing within well-defined and fixes boundaries, usually being an area surrounded by streets or other physical barriers and having an assigned num her, letter, or other name through which it may be idenb fied. (3) "Board" means any board appointed by a munito pality, county commission. or state agency, such as the planning and zoning board, area planning board, or the governing board of a drainage district. (4) "Governing body' means the board of county commissioners or the legal governing body of a county. municipality, town, or village of this state. (5) "Cul-de-sac" means a street terminated at the end by a vehicular turnaround. (6) "Developer" means the person or legal entity that applies for approval of a plat of a subdivision pursuant to this chapter. (7)(a) "Easement"means any strip of land created by a subdivider for public or private utilities, drainage, sani tatlon, or other specified uses having limitations, the title to which shall remain in the name of the property owner. subject to the right of use designated in the reservation of the servitude. (b) "Public utllity" includes any public or private uul try, such as, but not limited to, storm drainage, sanitary sewers, electric power, water service, gas service. a telephone line, whether underground or overhead. (8) "Su rvey data" means all information shown on the face of a plat that would delineate the physical bounds - vies of the subdivision and any parts thereof.