What the Bill Does
SB 84 eliminates the pension option for employees enrolled in the Florida Retirement System July 1, 2022. Instead, all employees enrolled in the FRS plan after that date will be placed in the investment plan.
What’s Next
SB 84 was only assigned two committee stops. Its final stop will be in the Appropriations Committee. We’ll update you when it is placed on the agenda.
Companion Bill
Currently there is no companion bill in the House.
Vote History
- 2/4/21 Senate Governmental Affairs and Oversight Committee 4-2 party line vote
Our Position
We oppose this bill.
Talking Points
- By eliminating any future enrollment in the FRS pension plan, SB 84 will undermine and destabilize the pension plan putting into jeopardy the retirement security of educators and other public employees.
Video Updates
- 2/4/21 Senate Governmental Affairs and Oversight Committee begins with a presentation on FRS from state economist Amy Baker. Discussion of SB 84 starts 53:05 into the meeting.
