FL S1410

Effective July 1, 2026, employer contributions for the State Community College System Optional Retirement Program and the State University System Optional Retirement Program will equal the employer contribution rate for the Florida Retirement System Investment Plan

Replaces the current formula where employers contribute the difference between 8.15% of an employee's gross monthly compensation and the employee's required contribution

Requires contributions to be remitted to designated providers in the same manner as other retirement contributions

Employees in both optional retirement programs will continue to contribute an amount equal to the employee contribution required under existing Florida Retirement System statutes