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FL H1403
Bill
Status
Introduced
1/9/2026
Primary Sponsor
Michelle Salzman
Click for details
AI Summary
- Authorizes government deferred compensation plans to include automatic enrollment arrangements, under which employee compensation is deducted and contributed to the plan by default unless the employee opts out or chooses a different contribution rate or amount
- Requires automatic enrollment arrangements to establish a default contribution rate and a default investment option for contributions when the employee does not make an investment election
- Permits periodic reenrollment of eligible non-participating government employees and periodic resetting of contribution rates for employees contributing below the default rate
- Counties, municipalities, political subdivisions, and constitutional county officers may adopt automatic enrollment for their own deferred compensation programs by ordinance or agreement; the state's deferred compensation plan may only adopt automatic enrollment with explicit Legislative approval
- Amends ss. 110.114 and 112.171, F.S., to treat wage deductions made under an automatic enrollment arrangement as authorized and requested by the employee for payroll deduction purposes; effective July 1, 2026
Legislative Description
Deferred Compensation Plans for Public Employees
Last Action
Now in Government Operations Subcommittee
1/15/2026
Committee Referrals
Government Operations Subcommittee1/15/2026
Full Bill Text
No bill text available