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FL H1357
Bill
Status
Introduced
1/9/2026
Primary Sponsor
Kiyan Michael
Click for details
AI Summary
- Creates the Florida Retirement Savings Task Force adjunct to the Department of Commerce to examine and develop recommendations for expanding access to retirement savings vehicles for private sector employees who lack employer-sponsored retirement plans
- Establishes a 15-member task force with appointments split among the Governor (5 members), Senate President (5 members), and House Speaker (5 members), including financial planners, academics, business owners, community advocates, and state employees
- Requires the task force to convene within 60 days of the act's effective date, meet quarterly, and submit an interim report by December 1, 2026 and a final report with actionable recommendations and proposed statutory language by June 1, 2027
- Directs the task force to assess private sector retirement coverage gaps, review existing state and national retirement plan models, identify regulatory and financial barriers, and evaluate fiscal impacts and funding mechanisms
- Members serve without compensation but receive per diem and travel reimbursement; the task force expires July 1, 2028, unless reenacted by the Legislature
Legislative Description
Task Force to Study Private Sector Retirement
Last Action
Now in Insurance & Banking Subcommittee
1/15/2026
Committee Referrals
Insurance And Banking Subcommittee1/15/2026
Full Bill Text
No bill text available