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CS/SB 7028: Retirement

GENERAL BILL by Appropriations ; Governmental Oversight and Accountability ; (CO-INTRODUCERS) Arrington

Retirement; Authorizing an elected officer, except while serving as a legislator, to remain in elective office and receive accumulated Deferred Retirement Option Program (DROP) proceeds after the officer attains a certain age; requiring the Division of Retirement or the State Board of Administration, as appropriate, to take steps to recoup from the elected officer any DROP proceeds distributed in accordance with a specified provision, under specified circumstances; revising the cost-of-living adjustment for eligible Special Risk Class retirees; revising required allocations from the Contributions Clearing Trust Fund to provide disability coverage to members of the investment plan of the Florida Retirement System, etc.

Effective Date: 7/1/2026
Last Action: 2/20/2026 Senate - Laid on Table, refer to HB 5205 -SJ 412
Bill Text: Web Page | PDF
Senate Committee References:
  1. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    1/15/2026 Senate • Submitted for consideration by Governmental Oversight and Accountability
    • On Committee agenda-- Governmental Oversight and Accountability, 01/20/26, 3:30 pm, 110 Senate Building
    1/20/2026 Senate • Submitted as Committee Bill and Reported Favorably by Governmental Oversight and Accountability; YEAS 9 NAYS 0
    1/21/2026 Senate • Filed
    • Referred to Appropriations
    1/22/2026 Senate • Introduced
    2/13/2026 Senate • On Committee agenda-- Appropriations, 02/18/26, 1:30 pm, 412 Knott Building
    2/18/2026 Senate • CS by- Appropriations; YEAS 18 NAYS 0
    • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading
    • Placed on Special Order Calendar, 02/20/26
    2/19/2026 Senate • CS by Appropriations read 1st time
    2/20/2026 Senate • Read 2nd time -SJ 412
    • Substituted HB 5205 -SJ 412
    • Laid on Table, refer to HB 5205 -SJ 412

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  • CS/SB 7028, Committee Substitute 1 (Current Bill Version) Posted 2/18/2026 at 7:18 PM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations (Post-Meeting) 2/20/2026 (pdf)

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 5001 General Appropriations Act Budget Committee Compare Last Action: 2/23/2026 H Bill placed in Conference (Appropriations Conference Committee/Budget)
    H 5205 Retirement State Administration Budget Subcommittee Compare Last Action: 2/23/2026 H Bill placed in Conference (Appropriations Conference Committee/Budget)
    S 2500 Appropriations Appropriations Compare Last Action: 2/20/2026 S Laid on Table, refer to HB 5001 -SJ 378

    Citations - Statutes (6)

    Citation Catchline Location in Bill Location In Bill Help
    121.053 Participation in the Elected Officers’ Class for retired members. Page 2 (pdf)
    121.091 Benefits payable under the system. Page 3 (pdf)
    121.101 Cost-of-living adjustment of benefits. Page 8 (pdf)
    121.71 Uniform rates; process; calculations; levy. Page 9 (pdf)
    121.73 Allocations for member disability coverage; percentage amounts. Page 12 (pdf)
    121.735 Allocations for member line-of-duty death benefits; percentage amounts. Page 13 (pdf)

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  • SB 7028, Original Filed Version Posted 1/21/2026 at 8:30 AM

    Bill Text:   Web Page | PDF
    Analyses:   Appropriations (Pre-Meeting) 2/17/2026 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 5001 General Appropriations Act Budget Committee Compare Last Action: 2/23/2026 H Bill placed in Conference (Appropriations Conference Committee/Budget)
    H 5205 Retirement State Administration Budget Subcommittee Compare Last Action: 2/23/2026 H Bill placed in Conference (Appropriations Conference Committee/Budget)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    448760 - Amendment
    Between lines 267 and 268 insert:
    Appropriations
    (Mayfield)
    2/16/2026
    10:57 AM
    Replaced by Committee Substitute
    2/19/2026
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/18/2026 1:30 PM Appropriations 18 Yeas - 0 Nays

    Citations - Statutes (4)

    Citation Catchline Location in Bill Location In Bill Help
    121.053 Participation in the Elected Officers’ Class for retired members. Page 1 (pdf)
    121.091 Benefits payable under the system. Page 3 (pdf)
    121.101 Cost-of-living adjustment of benefits. Page 8 (pdf)
    121.71 Uniform rates; process; calculations; levy. Page 9 (pdf)

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  • SPB 7028, Proposed Bill Posted 1/15/2026 at 1:56 PM

    Bill Text:   Web Page | PDF
    Analyses:   Governmental Oversight and Accountability (Pre-Meeting) 1/16/2026 (pdf)
    Governmental Oversight and Accountability (Post-Meeting) 1/20/2026 (pdf)

    Committee Votes (1)

    Date Committee Result
    1/20/2026 3:30 PM Governmental Oversight and Accountability 9 Yeas - 0 Nays

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