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 these plans to offer Roth contributions, which differ from traditional deferred compensation by permitting employees to pay taxes on contributions upfront rather than upon withdrawal. The bill also repeals section 71 of chapter 2025-199, which previously governed 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 starting July 1, 2024, and provides for retroactive application of these changes to January 1, 2026. The act will take effect upon becoming law.