# Fla. Stat. § 121.4503: 121.4503 Florida Retirement System Contributions Clearing Trust Fund

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.4503

## Section

- **Citation:** Fla. Stat. § 121.4503
- **Heading:** 121.4503 Florida Retirement System Contributions Clearing Trust Fund
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title X / Chapter 121 / Part II / Section 121.4503

## Text

(1) The Florida Retirement System Contributions Clearing Trust Fund is created as a clearing fund for disbursing employer and employee contributions to the component plans of the Florida Retirement System and shall be administered by the Department of Management Services. Funds shall be credited to the trust fund as provided in this chapter and held in trust for the contributing employees and employers until such time as the assets are transferred by the department to the Florida Retirement System Trust Fund, the Florida Retirement System Investment Plan Trust Fund, or other trust funds as authorized by law, to be used for the purposes of this chapter. The trust fund is exempt from the service charges imposed by s. 215.20.

(2) The Florida Retirement System Contributions Clearing Trust Fund is a clearing trust fund of the Department of Management Services pursuant to s. 19(f), Art. III of the State Constitution, and is not subject to termination.

History: ss. 1, 2, ch. 2002-73; s. 28, ch. 2011-68; s. 38, ch. 2012-116.

## Nearby sections

- [Fla. Stat. § 121.571 121.571 Contributions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.571.md)
- [Fla. Stat. § 121.591 121.591 Payment of benefits.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.591.md)
- [Fla. Stat. § 121.4501 121.4501 Florida Retirement System Investment Plan.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.4501.md)
- [Fla. Stat. § 121.4502 121.4502 Florida Retirement System Investment Plan Trust Fund.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.4502.md)
- [Fla. Stat. § 121.4503 121.4503 Florida Retirement System Contributions Clearing Trust Fund.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.4503.md)
- [Fla. Stat. § 121.5911 121.5911 Disability retirement program; qualified status; rulemaking authority.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.5911.md)
- [Fla. Stat. § 121.5912 121.5912 Survivor benefit retirement program; qualified status; rulemaking authority.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.5912.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TX_C121_PII_S121.4503. Check the current official text before relying on it. Not legal advice.