FL S7082

Authorizes monthly survivor benefits for spouses and children of Special Risk Class members killed in the line of duty on or after July 1, 2013, effective July 1, 2015.

Surviving spouse receives one-half of the member's monthly salary for life; if the spouse dies, payments continue to unmarried children until age 18, or until age 25 if enrolled as full-time students.

Creates a survivor benefit account in the Florida Retirement System Trust Fund, funded by transferring all accumulated investment plan balances and pension plan credits from deceased members' accounts.

Establishes a 0.82% allocation of gross compensation for Special Risk Class members in the investment plan to fund line-of-duty death benefits.

Increases employer contribution rates by 0.45 percentage point for Special Risk Class and 0.06 percentage point for the Deferred Retirement Option Program, with an appropriation of $5,445,537 from General Revenue Fund for the 2015-2016 fiscal year.