How will the Model Plan benefit employees of the 67 school districts?
This is the first significant statewide reduction in pricing since 403bs were established 50 years ago. The approved plans are the best offered in Florida K-12. The Model Plan companies will offer these improved, lower priced plans to employees throughout the state, regardless of the size of the districts that employ them. Small and medium-sized districts will stand to benefit the most from participation. Companies in the Model Plan will reduce their pricing even further in the future, as their assets grow – and these reductions will apply to everyone, no matter how large or small the district.
