Florida legislature leaves retirement system changes untouched during extended session

The City of Oldsmar Firefighters Pension Board convened on July 10, 2025, to discuss updates regarding the Florida legislative session and its implications for local pension plans. Notably, no new legislation affecting the pension system was passed this year, which board members viewed as a positive outcome.

During the meeting, it was highlighted that while there were two bills filed concerning the Florida Retirement System, neither gained significant traction or support. One of these bills aimed to amend the system to reinstate a Cost of Living Adjustment (COLA) for members hired or retired after June 1, 2011. However, due to budget deficits and issues with cost studies, the bill did not progress, leaving the current pension structure unchanged for the time being.

Additionally, the board reminded members about the importance of filing their financial disclosure forms by the July 1 deadline, emphasizing the need for compliance in this administrative matter.

Overall, the meeting underscored a year of stability for the pension plan, with no new legislative changes anticipated, allowing the board to focus on maintaining the current system without added liabilities. As the board looks ahead, they remain vigilant for any developments in the upcoming legislative sessions that could impact their operations.