summary
Introduced
01/06/2026
01/06/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An act relating to the West Palm Beach Firefighters Pension Fund, Palm Beach County; amending chapter 24981 (1947), Laws of Florida, as amended; revising definitions relating to the West Palm Beach Firefighters Pension Fund; removing certain duties of the board secretary; revising members' credits for service; providing powers of the board; revising revenue sources; revising member contributions; revising custodian of funds; revising investment provisions; revising provisions regarding service benefits; revising the supplemental pension distribution; revising the optional forms of benefits; revising the chapter 175 share accounts; revising deferred retirement option plan (DROP); revising backwards deferred retirement option plan (BackDROP); revising disability pensions; providing duty-related presumptions; revising beneficiary benefits; revising review procedures; revising Internal Revenue Code limits; providing minimum distribution of benefits; revising rollovers from qualified plans; revising prior firefighter service; providing an effective date.
AI Summary
This bill makes numerous amendments to the West Palm Beach Firefighters Pension Fund, primarily by updating definitions, revising how service credits are calculated, and clarifying the powers and responsibilities of the Board of Trustees. Key changes include modifying the actuarial equivalent value calculations to use updated mortality tables and interest rates, removing specific duties for the board secretary, and adjusting how member contributions are applied, with a portion now designated for post-retirement health insurance. The bill also revises provisions related to the custodian of funds, investment guidelines, and the calculation and distribution of service and disability pensions, including duty-related presumptions for certain health conditions. Furthermore, it updates rules for optional benefit forms, the Deferred Retirement Option Plan (DROP) and Backwards Deferred Retirement Option Plan (BackDROP), beneficiary benefits, and review procedures for benefit denials. It also adjusts Internal Revenue Code (IRC) limits for benefits and introduces new provisions for minimum benefit distributions and rollovers from qualified plans, along with allowing members to purchase prior firefighter or military service credit under specific conditions.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Bill added to Special Order Calendar (2/25/2026) (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2026/4065 |
| Analysis - State Affairs Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/4065/Analyses/h4065e.SAC.PDF |
| Analysis - State Affairs Committee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/4065/Analyses/h4065d.SAC.PDF |
| Analysis - Government Operations Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/4065/Analyses/h4065c.GOS.PDF |
| Analysis - Government Operations Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/4065/Analyses/h4065b.GOS.PDF |
| Analysis - Intergovernmental Affairs Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/4065/Analyses/h4065a.IAS.PDF |
| Analysis - Intergovernmental Affairs Subcommittee (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/4065/Analyses/h4065.IAS.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2026/4065/BillText/Filed/PDF |
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