FL S1652

Authorizes counties to levy a pension liability sales surtax of up to 0.5 percent if the county's defined benefit retirement plan is below 80 percent actuarially funded and approved by voter referendum.

Requires new employees hired after the retirement plan is closed to be excluded from enrollment in any defined benefit plan receiving surtax proceeds.

Permits the surtax only if the county currently levies a local government infrastructure surtax under subsection (2) that is scheduled to terminate without renewal, with the pension surtax taking effect after that surtax ends.

Allows surtax proceeds to either be distributed directly to eligible retirement plans or pledged to repay debts incurred for advanced unfunded liability payments, with the ordinance specifying the distribution method.

Requires the surtax to terminate on December 31 of the year the retirement plan reaches 100 percent actuarial funding or December 31, 2060, whichever comes first, and limits combined discretionary sales surtax rates to 1 percent maximum.