Florida SB 930: Florida Retirement Savings Task Force

Bill Text

930 
Florida Retirement Savings Task Force 
2025-12-16T10:16:44Z 
Citing this act as the “Florida Retirement Savings Task Force Act”; creating the Florida Retirement Savings Task Force adjunct to the Department of Commerce; requiring the department to provide administrative, technical, and staff support to the task force; providing that members serve without compensation but are entitled to per diem and travel reimbursement; authorizing the task force to receive confidential and exempt information under specified conditions, etc. 
Original Filed Version 
2026 
S 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 930 

 By Senator Martin 

 33-01407-26 2026930__ 
 1 A bill to be entitled 
 2 An act relating to the Florida Retirement Savings Task 
 3 Force; providing a short title; creating s. 445.15, 
 4 F.S.; creating the Florida Retirement Savings Task 
 5 Force adjunct to the Department of Commerce; requiring 
 6 the department to provide administrative, technical, 
 7 and staff support to the task force; providing a 
 8 purpose for the task force; providing for the 
 9 membership of the task force; requiring the task force 
 10 to convene its first meeting within a specified 
 11 timeframe; requiring the task force to meet quarterly 
 12 or upon the call of the chair; requiring the task 
 13 force to elect a chair and vice chair; providing that 
 14 members serve without compensation but are entitled to 
 15 per diem and travel reimbursement; providing the 
 16 duties of the task force; authorizing the task force 
 17 to receive confidential and exempt information under 
 18 specified conditions; requiring the task force to 
 19 provide the Governor and Legislature a certain 
 20 preliminary report and a final report by specified 
 21 dates; providing for the expiration of the task force; 
 22 providing an effective date. 
 23 
 24 Be It Enacted by the Legislature of the State of Florida: 
 25 
 26 Section 1. This act may be cited as the “Florida Retirement 
 27 Savings Task Force Act.” 
 28 Section 2. Section 445.15, Florida Statutes, is created to 
 29 read: 
 30 445.15 Florida Retirement Savings Task Force.— 
 31 (1) There is created adjunct to the department the Florida 
 32 Retirement Savings Task Force, a task force as defined in s. 
 33 20.03(5). The department shall provide administrative, 
 34 technical, and staff support to the task force. The purpose of 
 35 the task force is to examine and develop recommendations to 
 36 expand access to retirement savings vehicles for private sector 
 37 employees who lack employer-sponsored retirement plans. 
 38 (2) The task force shall be composed of 15 members, as 
 39 follows: 
 40 (a) An actuarial or investment specialist well-versed in 
 41 long-term asset performance, appointed by the Governor. 
 42 (b) A community advocate who represents a low-income or 
 43 underserved community, appointed by the Governor. 
 44 (c) An attorney or policy analyst well-versed in labor law, 
 45 pension regulation, or state legislative frameworks, appointed 
 46 by the Governor. 
 47 (d) A representative from the American Association of 
 48 Retired Persons who may provide insight into senior financial 
 49 security and retirement readiness, appointed by the Governor. 
 50 (e) A Florida resident who has demonstrated experience in 
 51 retirement planning or workforce financial education, appointed 
 52 by the Governor. 
 53 (f) A current employee of the Department of Management 
 54 Services of the Division of Retirement, appointed by the 
 55 President of the Senate. 
 56 (g) A representative from the public sector, appointed by 
 57 the President of the Senate. 
 58 (h) A small business owner, appointed by the President of 
 59 the Senate. 
 60 (i) A certified financial planner, appointed by the 
 61 President of the Senate. 
 62 (j) A professor from a state university whose area of 
 63 academic research is labor economics, demography, or retirement 
 64 system design, appointed by the President of the Senate. 
 65 (k) A current employee of the department, appointed by the 
 66 Speaker of the House of Representatives. 
 67 (l) A representative from the private sector or a 
 68 nontraditional employment area, appointed by the Speaker of the 
 69 House of Representatives. 
 70 (m) A representative from a large employer or an employer 
 71 association, appointed by the Speaker of the House of 
 72 Representatives. 
 73 (n) A retirement policy analyst who is familiar with the 
 74 Florida Retirement System, appointed by the Speaker of the House 
 75 of Representatives. 
 76 (o) A professor from a state university whose area of 
 77 academic research is labor economics, demography, or retirement 
 78 system design, appointed by the Speaker of the House of 
 79 Representatives. 
 80 (3)(a) The task force shall convene no later than 60 days 
 81 after the effective date of this act and shall meet quarterly 
 82 thereafter or upon the call of the chair. 
 83 (b) At its first