FRS Pension Plan Total Assets  
FRS Investment Plan Total Assets  

Plan Information/Trustee Reports

What you'll find here:

Report to the Trustees - Florida Retirement System Pension Plan and Investment Plan performance report, provided by the State Board of Administration to the Trustees.
SBA Annual Investment Report
Annual investment report from the State Board of Administration, including the performance of the Florida Retirement System Pension Plan and Investment Plan. Provided by the State Board of Administration to the Trustees.

Florida Retirement System Annual Report
The FRS Annual Report provides comprehensive information about the FRS and other state-administered retirement systems.

Florida Retirement System Actuarial Valuation
The FRS Actuarial Valuation provides comprehensive information about the financial and funding status of the FRS.

Objectives and Guidelines - Objectives and guidelines the State Board of Administration follows in managing the Florida Retirement System Pension Plan and Investment Plan.
Investment Policy Statement - The investment guidelines for the Florida Retirement System Pension Plan and Investment Plan.
State Board of Administration's Website
Additional reports can be found on the State Board of Administration's website.

Funding Levels - As of the July 1, 2013 valuation, the Pension Plan had actuarial assets of $131.7 billion and actuarial liabilities of $153.3 billion, resulting in a plan funding level of 85.9%. You can view a chart that compares the plan's actuarial liabilities to the plan's actuarial assets for the past five fiscal years. The annual benefit payments to FRS retirees and beneficiaries (shown in white on the chart) are a part of the overall plan liabilities.

During years when the Pension Plan is determined to be less than 100% actuarially funded, the Florida Legislature may take steps to improve the funding level by increasing employee or employer contributions or lower plan costs by reducing future Pension Plan benefits. Pension Plan underfunding or future cost increases to fund the FRS may make it necessary for the Florida Legislature to lower the amount that employers contribute to Investment Plan members' accounts or increase the amount that employees contribute to their Investment Plan accounts. The legislature may make changes to the FRS at any time.

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  • Friday, April 18, 2014 is a stock market holiday. Therefore, transactions requested after 4 p.m. ET on Thursday, April 17 in your FRS Investment Plan account will be processed using the closing prices of the next business day, which is Monday, April 21.