Retirement

Summary

HB 5205E would change the statutory formulas that set how much state and local employers must contribute to the Florida Retirement System for each employee class. It applies to state workers, retirees and their families, aiming to address unfunded liabilities and ensure the system remains financially sound. The measure also includes a legislative declaration that the changes serve a vital public purpose and would take effect on July 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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