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FL H1441
Bill
Status
Introduced
1/9/2026
Primary Sponsor
Lisa Dunkley
Click for details
AI Summary
- Amends contribution formulas for both the State University System Optional Retirement Program (s. 121.35) and the State Community College System Optional Retirement Program (s. 1012.875), effective July 1, 2026
- Replaces the existing employer contribution formula—based on the difference between 8.15% of the employee's gross monthly compensation and the employee's required contribution—with a new requirement that employers contribute an amount equal to the employer contribution rates specified in s. 121.71(4) and (5)
- Employees in both programs continue to contribute an amount equal to the employee contribution required under s. 121.71(3)
- Changes the payment method for State University System optional retirement contributions so they are made in the same manner as other retirement contributions, rather than being routed through the Department of Management Services to designated companies
- Effective date is July 1, 2026
Legislative Description
Optional Retirement Programs for Public Postsecondary 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