Florida Statutes § 175.131 — Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.

Municipalities and special fire control districts must deposit covered funds with the board of trustees right away, and no later than 5 days after receipt; employee and employer contributions have separate deposit timing rules.

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Jurisdiction: United States — Florida
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

firefighters' pension trust fund fund deposits

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Provisions of Florida Statutes § 175.131 — Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.

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175.131
Florida Statutes § 175.131 — Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.
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AI-assisted research summary: Municipalities and special fire control districts must deposit covered funds with the board of trustees right away, and no later than 5 days after receipt; employee and employer contributions have separate deposit timing rules.

175.131 Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.—For any municipality, special fire control district, chapter plan, local law municipality, local law special fire control district, or local law plan under this chapter, all state and other funds received by any municipality or special fire control district under the provisions of this chapter shall be deposited by such municipality or special fire control district immediately, and under no circumstances more than 5 days after receipt, with the board of trustees. In lieu thereof, the municipality or special fire control district may provide authorization to the division for the direct payment of the premium tax to the board of trustees. The board shall deposit such moneys in the Firefighters’ Pension Trust Fund immediately, and under no circumstances more than 5 days after receipt. Employee contributions, however, which are withheld by the employer on behalf of an employee member shall be deposited immediately after each pay period with the board of trustees of the firefighters’ pension trust fund. Employer contributions shall be deposited at least quarterly.

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Florida Statutes § 175.131 — Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.

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Provisions of Florida Statutes § 175.131 — Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.

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