Senate bill proposes revisions to Florida Retirement System contribution rates
Legislation proposed in the Florida Senate aims to adjust the state’s public sector retirement system and is projected to decrease the Florida Retirement System’s annual revenue by approximately $30 million.
Filed legislation in the Florida Senate proposes revisions to the state’s public sector retirement system, reducing the Florida Retirement System’s (FRS) annual revenue by $30 million and altering contribution rates for state employees, universities, and government entities.
If adopted, the bill would affect a range of public employers, including state agencies, schools, and other government entities, with most seeing a decrease in retirement contributions. However, state universities ar...
