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SPB 7010FLORIDA · STATEWIDESession 2026in_committee

Allowing Roth Contribution Options for Government Employee Retirement Plans

Original title: Roth Contribution Plans in Deferred Compensation Programs

December 2, 2025

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Where This Stands

Introduced
Committee
Floor Vote
Passed
Signed

Currently in_committee. The next step in the legislative lifecycle is Floor Vote.

Last action
Submitted as Committee Bill and Reported Favorably by Governmental Oversight and Accountability; YEAS 7 NAYS 0Dec 2, 2025

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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The Frame

What this does

Government employees in Florida will have the option to contribute to Roth-style retirement accounts, which are taxed differently than traditional plans, affecting how and when these employees pay income taxes on their retirement savings.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

State and local government employees

Employees gain the option to contribute to a Roth-style retirement plan within their existing deferred compensation programs.

Chief Financial Officer

The official's prior administrative actions regarding Roth contributions are formally ratified by the legislature.

What changed

Current stage: in_committee.

What's next

Floor Vote.

Summary

This bill authorizes state and local government plans to offer options to employees. It also ly approves actions taken by the Chief Financial Officer to allow these contributions starting in 2024.

Key Facts

  • Authorizes state, county, municipal, and political subdivision deferred compensation plans to offer qualified Roth contribution programs.
  • Ratifies the Chief Financial Officer's prior actions permitting Roth contributions to the state deferred compensation plan starting July 1, 2024.
  • Repeals Section 71 of Chapter 2025-199, Laws of Florida, which previously governed employee contributions.
  • The act operates retroactively to January 1, 2026.
  • The act takes effect immediately upon becoming law.
  • Allows Roth contributions to be exempt from the standard requirement that deferred compensation is not taxed until received.

Why It Matters

Government employees in Florida will have the option to contribute to Roth-style retirement accounts, which are taxed differently than traditional plans, affecting how and when these employees pay income taxes on their retirement savings.

Frequently Asked Questions

What is a Roth contribution program?
It is a retirement savings option under section 402A of the Internal Revenue Code that allows employees to make contributions that are treated differently for tax purposes than traditional .
Does this bill force me to change my retirement plan?
No, the bill authorizes plans to offer the option; it does not mandate that employees participate in a Roth program.
When does this change take effect?
The act takes effect upon becoming law and operates ly to January 1, 2026.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Voting Record

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Retroactive Ratification

The bill includes a retroactive clause to January 1, 2026, and ratifies actions taken by the CFO starting in 2024, indicating the state implemented these changes administratively before formal legislative authorization.

Connected Entities

other112.215, F.S.The Florida Statute being amended to allow Roth contribution programs.Map →
organizationGovernmental Oversight and AccountabilityThe Senate committee that reported the bill favorably.Map →
other402A of the Internal Revenue CodeThe federal tax code section governing qualified Roth contribution programs.Map →
personChief Financial OfficerThe official whose previous actions regarding Roth contributions are being ratifMap →

Sources

Open source document

openstates.org

Analysis Score

0–100
  • Significance40
    How much this matters to a regular citizen
  • Controversy5
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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