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 provisions that state deferred compensation should not be included in taxable income until received. Additionally, the bill repeals section 71 of chapter 2025-199, which pertains to employee contributions to the state deferred compensation plan.

Furthermore, the bill ratifies actions taken by the Chief Financial Officer that allowed contributions to the Roth program starting July 1, 2024, and establishes that the act will apply retroactively to January 1, 2026. The bill is set to take effect upon becoming law.