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Florida Senate Committee Passes Reform Bill; Would Make Citizens Rates Noncompetitive

Major Florida legislation improves the state s default defined contribution plan

Nearly seven months after Florida Gov. Ron DeSantis released his “Freedom First Budget” recommending an improved defined contribution retirement benefit for teachers and most public employees statewide, House Bill 5007 (HB 5007), which grants a 3% benefit increase to all active plan members, is now law. Over 180,000 educators, administrators, and other government workers participating in the default Florida Retirement System Investment Plan are slated to receive the additional 3%, effective July 2022.

R Street Institute Testimony Before the Florida Senate About Florida s Property Insurance Crisis

R Street Institute Testimony Before the Florida Senate About Florida s Property Insurance Crisis
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