Bill > H5005

This bill increases employer contributions to the health insurance subsidy for various classes of state employees, including members of state-administered plans, the Elected Officers' Class, the Senior Management Service Class, and the Regular, Special Risk, and Special Risk Administrative Support Classes, with these changes generally taking effect on July 1, 2015. It also revises employer contribution rates for the Florida Retirement System (FRS) for the 2015-2016 fiscal year, adjusting percentages for different membership classes like Regular, Special Risk, Elected Officers, and Senior Management, with some rates increasing and others decreasing to address unfunded actuarial liabilities. Additionally, the bill includes legislative findings declaring that providing fair and adequate benefits through actuarially sound and sustainable governmental retirement systems, including health insurance subsidies, serves an important state interest.