New Report: Growth pushes Florida Retirement System above $163 billion in assets
In an article for Florida Politics, Michael Moline details the latest report on the health of the state's retirement system after a meeting of the Florida Investment Advisory Council.
"Assets have grown by 10.5 percent since the start of the fiscal year, reaching a balance of $163.3 billion — $9.8 billion ahead of last year."
“The pension plan in the state of Florida is in pretty good shape, being well managed,” said Gary Wendt, the former chief executive of G.E. Capital, who formally became the council’s chairman during the meeting in Tallahassee.
“We rank very highly versus our peers, and we’re beating all the benchmarks. We’re very happy, very pleased with what’s happening,” Wendt said.