Florida H5205 revises employer retirement contribution rates for various classes in the Florida Retirement System.

Florida H5205 amends the Florida Retirement System by adjusting the required employer contribution rates for different membership classes and subclasses, effective July 1, 2026. The bill specifies new rates for Regular Class, Special Risk Class, Special Risk Administrative Support Class, Elected Officers' Class, and others. The changes aim to address unfunded actuarial liabilities of the system. The legislation declares that these adjustments serve an important state interest by ensuring fair and adequate benefits for state and local government employees, officers, and retirees.

Florida H5205 revises employer retirement contribution rates for various classes in the Florida Retirement System.

Florida H5205 amends the Florida Retirement System by adjusting the required employer contribution rates for different membership classes and subclasses, effective July 1, 2026. The bill specifies new rates for Regular Class, Special Risk Class, Special Risk Administrative Support Class, Elected Officers' Class, and others. The changes aim to address unfunded actuarial liabilities of the system. The legislation declares that these adjustments serve an important state interest by ensuring fair and adequate benefits for state and local government employees, officers, and retirees.