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Council approves offering Florida Retirement System option to city employees; department costs estimated and rollout planned
Summary
The City of Destin will offer employees the option to enroll in the Florida Retirement System after the council voted 6‑0 to direct staff to implement the program, acknowledging higher employer costs and mandatory employee payroll contributions.
The Destin City Council voted 6‑0 to authorize staff to offer all city employees the option to move from the city's current Thrift Savings Plan to the Florida Retirement System (FRS), subject to employee election and vesting rules.
Staff described the existing retirement arrangement (a Thrift Savings Plan in lieu of Social Security) that the city currently funds with a 7.5% employer contribution plus a possible 5% employer match when…
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