FL H1309

Requires actuarial reports for Florida retirement plans to include mortality tables from the two most recently published Florida Retirement System actuarial valuation reports, effective January 1, 2016, with appropriate risk and collar adjustments based on plan demographics.

Specifies that mortality tables must be used for both preretirement and postretirement mortality assumptions in actuarial reports.

Changes the reporting deadline for defined benefit retirement plans from June 30, 2014 to December 31, 2015, requiring submission of certified actuarial reports to the Department of Management Services within 60 days.

Requires defined benefit retirement plans to include annual financial statements complying with Governmental Accounting Standards Board Statements No. 67 and 68, plus comparative statements using a discount rate 200 basis points lower than the plan's assumed rate of return.

Declares that protecting retirement benefits for state and local government employees and their dependents through actuarially sound retirement systems serves an important state interest.