Florida Statutes 238.10 – Management of funds
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Terms Used In Florida Statutes 238.10
- Department: means the Department of Management Services. See Florida Statutes 238.01
- Regular interest: means interest at such rate as may be set from time to time by the Department of Management Services. See Florida Statutes 238.01
- Retirement system: means the Teachers' Retirement System of Florida provided for in…. See Florida Statutes 238.01
The Department of Management Services, annually, shall allow regular interest on the amount for the preceding year to the credit of each of the funds of the retirement system, and to the credit of the individual account therein, if any, with the exception of the expense fund, from the interest and dividends earned from investments.