Labor & Employment (Retirement Benefits)

Portable Benefits Accounts for Independent Contractors and Sole Proprietors; Authorizes certain parties to make voluntary contributions to portable benefits accounts for independent contractors & sole proprietors; provides requirements for such contributions.

Optional Retirement Programs; Requiring that the employer contribution rate for certain optional retirement programs be equal to the employer contribution rate for the Florida Retirement System Investment Plan, etc.

Deferred Compensation Plans for Public Employees; Citing this act as the "Deferred Compensation Automatic Enrollment Act"; authorizing the inclusion of an automatic enrollment arrangement in a government employee’s deferred compensation plan; requiring that the automatic enrollment arrangement provide employees the ability to make certain elections regarding contributions; requiring that the plan provide for a default investment into which contributions must be placed under a specified circumstance; authorizing counties, municipalities, political subdivisions, and constitutional county officers to adopt automatic enrollment arrangements for specified deferred compensation programs, etc.

Portable Benefits Accounts for Independent Contractors and Sole Proprietors; Creating the “Voluntary Portable Benefits Act”; authorizing certain parties to make voluntary contributions to portable benefits accounts for independent contractors and sole proprietors; prohibiting contributions to a portable benefits account from being used as a criterion for determining a worker’s employment classification, etc.