Pensions
Florida State Pension Misses Fiscal 2025 Benchmark, Projects Full Funding in 17 Years
Equities led the fund’s 10.3% return, which fell short of its target by 60 basis points.
State and federal legislation aims to prohibit public funds from investing in the country.
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
State pension fund assets surpass benchmark to reach $160.4 billion market value.
Proposed legislation calls for an additional $178.5 million a year.
Bill proposes defined contribution plans become the new default.