Florida 2025 Regular Session Status: In Committee 1 R cosponsors

HB 945 — Cost-of-living Adjustment of Retirement Benefits

Last action — Died in Government Operations Subcommittee

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Cost-of-living Adjustment of Retirement Benefits; Revises amount of annual cost-of-living adjustment; revises how cost-of-living adjustment of benefits for certain retirees & beneficiaries is calculated; provides declaration of important state interest.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill revises the cost-of-living adjustment calculations for retirement benefits in the Florida Retirement System by establishing new parameters for retirees with effective retirement dates on or after July 1, 2025.

  • 121.101

    The department shall calculate a cost-of-living factor for each retiree and beneficiary retiring on or after July 1, 2011. This factor shall equal the product of 3 percent multiplied by the quotient of the sum of the member's service credit earned for service before July 1, 2011, divided by the sum of the member's total service credit earned. Effective July 1, 2025, this factor may not be below 2 percent. → For members whose effective retirement date is on or after July 1, 2025, the benefit of each retiree and annuitant shall be adjusted annually on July 1 as follows: (a) For those retirees and annuitants who have never received a cost-of-living adjustment under this section, the amount of the monthly benefit payable for the 12-month period commencing on the adjustment date shall be the amount of the member's initial benefit plus an amount equal to a percentage of the member's initial benefit. This percentage is derived by dividing the number of months the member has received an initial benefit by 12, and multiplying the result by 2. (b) For those retirees and annuitants who have received a cost-of-living adjustment under this subsection, the adjusted monthly benefit shall be the amount of the monthly benefit being received on June 30 immediately preceding the adjustment date plus an amount equal to 2 percent of this benefit.

    The change establishes a fixed 2% adjustment for future retirees starting on July 1, 2025, replacing the previous formula based on a variable cost-of-living factor.

Action History

  1. Died in Government Operations Subcommittee

  2. Indefinitely postponed and withdrawn from consideration

  3. 1st Reading (Original Filed Version)

  4. Now in Government Operations Subcommittee

  5. Referred to State Affairs Committee

  6. Referred to Budget Committee

  7. Referred to Government Operations Subcommittee

  8. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 163 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (163)

163 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

veterans labor
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Frequently asked questions

What does HB 945 do?
Cost-of-living Adjustment of Retirement Benefits; Revises amount of annual cost-of-living adjustment; revises how cost-of-living adjustment of benefits for certain retirees & beneficiaries is calculated; provides declaration of important state interest.
Who sponsors HB 945?
HB 945 is sponsored by Blanco, Omar (Republican).
What is the current status of HB 945?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 945?
Track HB 945 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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