7. Pension Plans

Board of County Commissioners Meeting · 2026-04-14 · agenda_item

This item concerns pension plans for public employees, specifically the Florida Retirement System (FRS) and the Retiree Health Insurance Subsidy (HIS) Program. These plans are established by Florida Statutes and administered by the Florida Department of Management Services. The FRS offers both a defined benefit plan and a defined contribution plan alternative, while the HIS Program helps retired members with health insurance costs. The Clerk of the Circuit Court and Comptroller's regular employees are eligible for FRS membership. The FRS plans and related provisions can be amended by the Florida Legislature. This is a discussion of existing plans and their administration, not a new construction project. Therefore, there is no direct construction work or related business opportunity implied by this agenda item.