Florida legislation · 2026 Fifth Special Session
Florida S2: Retirement
Status: Passed one chamber, May 12, 2026
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; revising the cost-of-living adjustment for eligible Special Risk Class retirees; defining the term "eligible Special Risk Class retiree"; revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System; 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.
What the bill says
An act relating to retirement; amending s. 121.053, F.S.; 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; providing that, upon termination, the officer receives accumulated DROP proceeds including interest earned in accordance with a specified provision; amending s. 121.091, F.S.…
From the introduced text, May 7, 2026:
A bill to be entitled An act relating to retirement; amending s. 121.053, F.S.; 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; providing that, upon termination, the officer receives accumulated DROP proceeds including interest earned in accordance with a specified provision; amending s. 121.091, F.S.; 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; amending s. 121.101, F.S.; revising the cost-of-living adjustment for eligible Special Risk Class retirees; defining the term “eligible Special Risk Class retiree”; amending s. 121.71, F.S.; revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System; amending s. 121.73, F.S.; revising required allocations from the Contributions Clearing Trust Fund to provide disability coverage to members of the investment plan of the Florida Retirement System; amending s. 121.735, F.S.; revising allocations from the Contributions Clearing Trust Fund to provide line-of-duty death benefits to members of the investment plan of the Florida Retirement System; providing a declaration of important state interest; providing an effective date. Be It Enacted by the Legislature of …
Sponsors
- Mayfield, Debbie (R, SD-019) · primary sponsor
Latest actions
- : Laid on Table, companion bill(s) passed, see HB 5205-E (Ch. 2026-235), HB 5001-E (Ch. 2026-232) -SJ 51
- : Substituted HB 5205-E -SJ 51
- : Read 2nd time -SJ 51
- : Placed on Calendar, on 2nd reading
- : Withdrawn from Governmental Oversight and Accountability; Appropriations -SJ 51
- : Introduced -SJ 2
- : Referred to Governmental Oversight and Accountability; Appropriations
- : Filed
Subjects: Appropriations, Governmental Oversight and Accountability
Common questions
- What is S2?
- S2 is a bill in the Florida Legislature (2026 Fifth Special Session): Retirement.
- What does S2 do?
- In its own words: An act relating to retirement; amending s. 121.053, F.S.; 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; providing that, upon termination, the officer receives accumulated DROP proceeds including interest earned in accordance with a specified provision; amending s. 121.091, F.S.…
- What is the status of S2?
- Passed one chamber as of May 12, 2026. Latest action: Laid on Table, companion bill(s) passed, see HB 5205-E (Ch. 2026-235), HB 5001-E (Ch. 2026-232) -SJ 51 (May 12, 2026).
- Who sponsored S2?
- Mayfield, Debbie (R, SD-019).
- Where is the official record for S2?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026E/2E
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.