FL S7028

Bill

FL S7028

Retirement

Introduced
01/21/2026

In Committee
01/21/2026

Crossed Over

Passed

Dead

Introduced Session

2026 Regular Session

Bill Summary

An act relating to retirement; amending s. 121.053, F.S.; authorizing an elected officer, except while serving as a legislator, to remain in elective office and receive accumulated Deferred Retirement Option Program (DROP) proceeds after the officer attains a certain age; providing that, upon termination, the officer receives accumulated DROP proceeds including interest earned in accordance with a specified provision; amending s. 121.091, F.S.; requiring the Division of Retirement or the State Board of Administration, as appropriate, to take steps to recoup from the elected officer any DROP proceeds distributed in accordance with a specified provision, under specified circumstances; amending s. 121.101, F.S.; revising the cost-of-living adjustment for eligible Special Risk Class retirees; defining the term “eligible Special Risk Class retiree”; amending s. 121.71, F.S.; revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System; amending s. 121.73, F.S.; revising required allocations from the Contributions Clearing Trust Fund to provide disability coverage to members of the investment plan of the Florida Retirement System; amending s. 121.735, F.S.; revising allocations from the Contributions Clearing Trust Fund to provide line-of-duty death benefits to members of the investment plan of the Florida Retirement System; providing a declaration of important state interest; providing an effective date.

AI Summary

This bill makes several changes to Florida's retirement system, primarily affecting elected officials and certain retirees. It allows elected officers, except while serving as a legislator, to remain in their positions and receive their accumulated Deferred Retirement Option Program (DROP) proceeds, which includes interest, after reaching age 59 1/2, and clarifies that the Division of Retirement or State Board of Administration must recoup these proceeds if they were distributed before termination and would otherwise be prohibited from distribution due to certain convictions. The bill also revises the cost-of-living adjustment for eligible Special Risk Class retirees, defining this group based on their enrollment date and years of service, and adjusts the required employer contribution rates for various membership classes within the Florida Retirement System (FRS), including those in the Regular Class, Special Risk Class, and Elected Officers' Class, as well as the DROP program, effective July 1, 2026. Additionally, it modifies the allocations from the Contributions Clearing Trust Fund to provide disability coverage and line-of-duty death benefits for members of the FRS investment plan, with specific percentage changes for certain membership classes. The bill also includes a declaration of important state interest, affirming the legislature's commitment to providing fair and adequate retirement benefits, and sets an effective date of July 1, 2026.

Sponsors (1)

Kristen Arrington (D),

Other Sponsors (2)

Appropriations (Senate), Governmental Oversight and Accountability (Senate)

Last Action

Laid on Table, refer to HB 5205 (on 02/20/2026)

Official Document

https://www.flsenate.gov/Session/Bill/2026/7028

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.flsenate.gov/Session/Bill/2026/7028
Analysis - Appropriations (Post-Meeting)	https://www.flsenate.gov/Session/Bill/2026/7028/Analyses/2026s07028.ap.PDF
BillText	https://www.flsenate.gov/Session/Bill/2026/7028/BillText/c1/HTML
Analysis - Appropriations (Pre-Meeting)	https://www.flsenate.gov/Session/Bill/2026/7028/Analyses/2026s07028.pre.ap.PDF
	https://www.flsenate.gov/Session/Bill/2026/7028/Amendment/448760/HTML
BillText	https://www.flsenate.gov/Session/Bill/2026/7028/BillText/Filed/HTML
Analysis - Governmental Oversight and Accountability (Post-Meeting)	https://www.flsenate.gov/Session/Bill/2026/7028/Analyses/2026s07028.go.PDF
Analysis - Governmental Oversight and Accountability (Pre-Meeting)	https://www.flsenate.gov/Session/Bill/2026/7028/Analyses/2026s07028.pre.go.PDF
BillText	https://www.flsenate.gov/Session/Bill/2026/7028/BillText/pb/HTML

Bill	Bill Name	Last Action	Type
H5001	General Appropriations Act	Conference Committee appointed: Appropriations Conference Committee/Budget: Senator Hooper, Chair; Senators Berman, Boyd, Brodeur, Gruters, Passidomo, and Rouson, At Large; Appropriations Conference Committee on Agriculture, Environment, and General Government/Agriculture & Natural Resources: Senator Brodeur, Chair; Senators Arrington, Berman, DiCeglie, Grall, Massullo, McClain, Pizzo, Rodriguez, Sharief, and Truenow; Appropriations Conference Committee on Agriculture, Environment, and General Government/State Administration: Senator Brodeur, Chair; Senators Arrington, Berman, DiCeglie, Grall, Massullo, McClain, Pizzo, Rodriguez, Sharief, and Truenow; Appropriations Conference Committee on Criminal and Civil Justice/Justice: Senator Garcia, Chair; Senators Martin, Osgood, Polsky, Simon, Smith, Wright, and Yarborough; Appropriations Conference Committee on Health and Human Services/Health Care: Senator Trumbull, Chair; Senators Brodeur, Burton, Davis, Garcia, Harrell, Rodriguez, Rouson, and Sharief; Appropriations Conference Committee on Higher Education/Higher Education: Senator Harrell, Chair; Senators Bracy Davis, Bradley, Burgess, Calatayud, Davis, and Leek; Appropriations Conference Committee on Pre-K – 12 Education/Pre-K – 12: Senator Burgess, Chair; Senators Bradley, Calatayud, Gaetz, Jones, Massullo, Osgood, Pizzo, Simon, and Yarborough; Appropriations Conference Committee on Transportation, Tourism, and Economic Development/Transportation & Economic Development: Senator DiCeglie, Chair; Senators Arrington, Avila, Bernard, Bracy Davis, Grall, Leek, Martin, Mayfield, McClain, Polsky, Smith, Truenow, and Wright.	Similar To
H5205	Retirement	Conference Committee appointed: Appropriations Conference Committee/Budget: Senator Hooper, Chair; Senators Berman, Boyd, Brodeur, Gruters, Passidomo, and Rouson, At Large; Appropriations Conference Committee on Agriculture, Environment, and General Government/Agriculture & Natural Resources: Senator Brodeur, Chair; Senators Arrington, Berman, DiCeglie, Grall, Massullo, McClain, Pizzo, Rodriguez, Sharief, and Truenow; Appropriations Conference Committee on Agriculture, Environment, and General Government/State Administration: Senator Brodeur, Chair; Senators Arrington, Berman, DiCeglie, Grall, Massullo, McClain, Pizzo, Rodriguez, Sharief, and Truenow; Appropriations Conference Committee on Criminal and Civil Justice/Justice: Senator Garcia, Chair; Senators Martin, Osgood, Polsky, Simon, Smith, Wright, and Yarborough; Appropriations Conference Committee on Health and Human Services/Health Care: Senator Trumbull, Chair; Senators Brodeur, Burton, Davis, Garcia, Harrell, Rodriguez, Rouson, and Sharief; Appropriations Conference Committee on Higher Education/Higher Education: Senator Harrell, Chair; Senators Bracy Davis, Bradley, Burgess, Calatayud, Davis, and Leek; Appropriations Conference Committee on Pre-K – 12 Education/Pre-K – 12: Senator Burgess, Chair; Senators Bradley, Calatayud, Gaetz, Jones, Massullo, Osgood, Pizzo, Simon, and Yarborough; Appropriations Conference Committee on Transportation, Tourism, and Economic Development/Transportation & Economic Development: Senator DiCeglie, Chair; Senators Arrington, Avila, Bernard, Bracy Davis, Grall, Leek, Martin, Mayfield, McClain, Polsky, Smith, Truenow, and Wright.	Similar To
S2500	Appropriations	Laid on Table, refer to HB 5001	Similar To

Bill > S7028

summary

Introduced Session

Bill Summary

AI Summary

Sponsors (1)

Other Sponsors (2)

Last Action

Official Document

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