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FL S7010
Bill
Status
1/22/2026
Primary Sponsor
Governmental Oversight and Accountability
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AI Summary
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Authorizes the state deferred compensation plan and any deferred compensation plans offered by counties, municipalities, political subdivisions, or county constitutional officers to offer qualified Roth contribution programs under IRS Code Section 402A
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Repeals Section 71 of Chapter 2025-199, Laws of Florida, which related to employee contributions to the state deferred compensation plan
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Ratifies actions taken by the Chief Financial Officer that permitted Roth contributions to the state deferred compensation plan beginning July 1, 2024
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Applies retroactively to January 1, 2026, and takes effect immediately upon becoming law
Legislative Description
Roth Contribution Plans in Deferred Compensation Programs
Last Action
In Messages
1/22/2026