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SB 2512-A — Employer Contributions to Fund Retiree Benefits

by Senator Lee

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Appropriations Committee (AP)

Sections 1 through 4 increase the employer contribution to the Retiree Health Insurance Trust Fund, from 1.26 percent to 1.66 percent of employees’ salaries.

Section 5 sets the employer-paid contribution rates for the Florida Retirement System Trust Fund for each membership class of the FRS.

Sections 6 and 7 provide findings that the bill fulfills important state interests.

If approved by the Governor, these provisions are effective on July 1, 2015.

Vote: Senate 37-0; House 113-0