Florida HB 1357: Task Force to Study Private Sector Retirement

Bill Text

HB 1357 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1357-00
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A bill to be entitled 1
An act relating to a task force to study private 2
sector retirement; providing a short title; creating 3
s. 445.15, F.S.; creating the Florida Retirement 4
Savings Task Force adjunct to the Department of 5
Commerce; requiring the department to provide 6
administrative, technical, and staff support to the 7
task force; providing a purpose for the task force; 8
providing for the membership of the task force; 9
requiring the task force to convene its first meeting 10
within a specified timeframe; requiring the task force 11
to meet quarterly or upon the call of the chair; 12
requiring the task force to elect a chair and vice 13
chair; providing that members serve without 14
compensation but are entitled to per diem and travel 15
reimbursement; providing the duties of the task force; 16
authorizing the task force to receive confidential and 17
exempt information under specified conditions; 18
requiring the task force to provide the Governor and 19
Legislature a certain preliminary report and a final 20
report by specified dates; providing for the 21
expiration of the task force; providing an effective 22
date. 23
24
Be It Enacted by the Legislature of the State of Florida: 25

HB 1357 2026

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Section 1. This act may be cited as the "Florida 27
Retirement 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 45
law, pension regulation, or state legislative frameworks, 46
appointed 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

HB 1357 2026

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(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

HB 1357 2026

CODING: Words stricken are deletions; words underlined are additions.
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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 meeting, the task force shall elect a 84
chair and a vice chair from among its members. 85
(c) The task force may meet using communications media 86
technology as de