Table 3: Employer Cost Comparison — DROP Participant vs. Regular Class Employee (FY 2023-24)

Table 3.

Employer Cost Comparison: DROP Participant vs. Regular Class Employee (FY 2023-24)

Cost Component (% of Payroll)	DROP Participant	Regular Class (Non-DROP)	Difference
Employer Normal Cost	8.18%	6.14%	+2.04 pts
Employer UAL Rate	10.01%	4.72%	+5.29 pts
Total Employer Contribution Rate	18.19%	10.86%	+7.33 pts (~67%)
Employee Contribution	0%	3.00%	-3 pts

Source: Florida Senate, “Fiscal Analysis of SB 7024,” 2023 Regular Session (recommended employer rates effective July 1, 2023). Employee contribution rate per s. 121.71(3), F.S.