Florida HB 5205: Retirement

Bill Text

HB 5205 2026

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hb5205-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

A bill to be entitled 1
An act relating to retirement; amending s. 121.71, 2
F.S.; revising required employer retirement 3
contribution rates for each membership class and 4
subclass of the Florida Retirement System; providing a 5
declaration of important state interest; providing an 6
effective date. 7
8
Be It Enacted by the Legislature of the State of Florida: 9
10
Section 1. Subsections (4) and (5) of section 121.71, 11
Florida Statutes, are amended to read: 12
121.71 Uniform rates; process; calculations; levy.— 13
(4) Required employer retirement contribution rates for 14
each membership class and subclass of the Florida Retirement 15
System for both retirement plans are as follows: 16
17
Membership Class
Percentage of
Gross
Compensation,
Effective
July 1, 2026 2025
18

19

HB 5205 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

Regular Class 7.11% 7.10%
20
Special Risk Class 19.93% 20.10%
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Special Risk
Administrative
Support Class 10.85% 10.88%
22
Elected Officers' Class—
Legislators, Governor,
Lt. Governor,
Cabinet Officers,
State Attorneys,
Public Defenders 10.30% 10.04%
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Elected Officers' Class—
Justices, Judges 15.54% 15.62%
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Elected Officers' Class—
County Elected Officers 11.45% 11.79%
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Senior Management Service Class 8.68% 8.73%
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DROP 9.43% 9.37%
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HB 5205 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

(5) In order to address unfunded actuarial liabilities of 28
the system, the required employer retirement contribution rates 29
for each membership class and subclass of the Florida Retirement 30
System for both retirement plans are as follows: 31
32
Membership Class
Percentage of
Gross
Compensation,
Effective
July 1, 2026 2025
33

34
Regular Class 4.42% 4.87%
35
Special Risk Class 12.60% 13.03%
36
Special Risk
Administrative
Support Class 27.11% 26.54%
37
Elected Officers' Class—
Legislators, Governor,
Lt. Governor,
Cabinet Officers, 51.43% 50.56%

HB 5205 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

State Attorneys,
Public Defenders
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Elected Officers' Class—
Justices, Judges 28.40% 28.46%
39
Elected Officers' Class—
County Elected Officers 41.49% 40.72%
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Senior Management Service Class 21.86% 22.45%
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DROP 10.20% 10.65%
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Section 2. The Legislature finds that a proper and 43
legitimate state purpose is served when employees, officers, and 44
retirees of the state and its political subdivisions, and the 45
dependents, survivors, and beneficiaries of such employees, 46
officers, and retirees, are extended the basic protections 47
afforded by governmental retirement systems. These persons must 48
be provided benefits that are fair and adequate and that are 49
managed, administered, and funded in an actuarially sound manner 50
as required by s. 14, Article X of the State Constitution and 51
part VII of chapter 112, Florida Statutes. Therefore, the 52
Legislature determines and declares that this act fulfills an 53
important state interest. 54

HB 5205 2026

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

Section 3. This act shall take effect July 1, 2026. 55