WeVote
Log In

Bill

Bill

HB 1403

Deferred Compensation Plans for Public Employees

2026 Regular Session Introduced by Michelle Salzman

HB 1403 expands Florida public employees' deferred compensation options to increase retirement savings flexibility and tax-advantaged savings beyond standard pensions.

Died in Government Operations Subcommittee
#subjectindex
0
WeVote Research Nonpartisan
Bill Summary · HB 1403

Legislative bill overview

HB 1403 modifies Florida's deferred compensation plans for public employees, allowing them to set aside pre-tax income for retirement savings beyond standard pension programs. The bill was recently introduced and is currently in the Government Operations Subcommittee for initial review.

Why is this important

Deferred compensation plans provide public employees with additional retirement security options and tax advantages, potentially reducing dependency on state pension systems. This affects compensation strategies for teachers, state workers, and local government employees across Florida.

Potential points of contention

  • Cost to the state: Expanded deferred compensation options may reduce immediate tax revenue and create administrative overhead for plan management
  • Pension system impact: Critics may worry that voluntary additional savings could reduce focus on strengthening traditional public pension adequacy
  • Plan complexity: Additional investment options and rules could confuse employees or create unequal outcomes based on financial literacy

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.