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.

Current Bill Version Posted: 2/18/2026 07:18 PM

• Senate Committee References (1)

  1. Appropriations (AP)

• Related Bills (3)

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

• Analyses (1)

  Links in this section are PDF documents.

  • Appropriations (Post-Meeting)   2/20/2026

• Citations - Statute (6)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
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  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)

• Bill History

  S = Senate, H = House

  1/15/2026	S	• 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	S	• Submitted as Committee Bill and Reported Favorably by Governmental Oversight and Accountability; YEAS 9 NAYS 0
  1/21/2026	S	• Filed • Referred to Appropriations
  1/22/2026	S	• Introduced
  2/13/2026	S	• On Committee agenda-- Appropriations, 02/18/26, 1:30 pm, 412 Knott Building
  2/18/2026	S	• 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	S	• CS by Appropriations read 1st time
  2/20/2026	S	• Read 2nd time -SJ 412 • Substituted HB 5205 -SJ 412 • Laid on Table, refer to HB 5205 -SJ 412