Bill > S7014

This bill revises the required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System, effective July 1, 2018. The bill increases the contribution rates for various membership classes, including the Regular Class, Special Risk Class, Elected Officers' Class, and Senior Management Service Class, in order to address the unfunded actuarial liabilities of the system. The bill also includes a legislative finding that providing fair and adequate benefits to state and local government employees, officers, and retirees, and their dependents, survivors, and beneficiaries, serves an important state interest.

Budget and Finance, Government Affairs

Governmental Oversight and Accountability (S)

http://www.flsenate.gov/Session/Bill/2018/7014