FL S1110

Requires automatic enrollment of state employees in the deferred compensation program starting January 1, 2015 for existing employees and 90 days after hire for new employees hired on or after October 1, 2014.

State agencies must notify employees by October 1, 2014 about automatic enrollment, including procedures to opt out, tax consequences, employer matching details, and program administrator contact information.

Establishes mandatory employee contribution levels of at least $25 monthly or $12.50 biweekly from January 1, 2015 through December 31, 2017, increasing to $50 monthly or $25 biweekly starting January 1, 2018.

Requires state agencies to match employee contributions up to the lesser of 2 percent of salary or $100 monthly ($46.15 biweekly), with an additional match up to 25 percent of bonuses or $500 for General Appropriations Act-authorized bonuses.

Authorizes counties, municipalities, political subdivisions, and constitutional county officers to amend their deferred compensation programs to include automatic enrollment and employer contribution matching.