This bill amends section 112.215 of the Florida Statutes to authorize the state deferred compensation plan, as well as plans offered by counties, municipalities, and other political subdivisions, to include a qualified Roth contribution program. Specifically, it adds a new subsection (15) that allows eligible employees to make contributions to this Roth program, despite existing rules that typically require deferred compensation to be excluded from taxable income until received. The bill also repeals section 71 of chapter 2025-199, which pertains to employee contributions to the state deferred compensation plan.

Additionally, the bill ratifies actions taken by the Chief Financial Officer that allowed contributions to the Roth program under the state deferred compensation plan starting July 1, 2024. It provides for retroactive application of these changes to January 1, 2026, and will take effect upon becoming law.