Florida H1441 revises contribution amounts and payment methods for optional retirement programs for public postsecondary employees.

Florida H1441 amends contribution amounts and payment methods for optional retirement programs for public postsecondary employees. It specifies employer and employee contributions for different periods, adjusting the contribution rates based on the employee's gross monthly compensation. The bill also details how contributions are to be paid and administered by Florida College System institutions or a consortium of such institutions. The changes are set to take effect on various dates, with the latest effective date being July 1, 2026.

Florida H1441 revises contribution amounts and payment methods for optional retirement programs for public postsecondary employees.

Florida H1441 amends contribution amounts and payment methods for optional retirement programs for public postsecondary employees. It specifies employer and employee contributions for different periods, adjusting the contribution rates based on the employee's gross monthly compensation. The bill also details how contributions are to be paid and administered by Florida College System institutions or a consortium of such institutions. The changes are set to take effect on various dates, with the latest effective date being July 1, 2026.