Florida’s Pension Debt to Rise As It Lowers Assumed Rate of Return to More Realistic Levels

In Politics by Michael Rae

Every year, the Florida Retirement System (FRS) holds the Actuarial Assumption Conference (AAC), a meeting of pension plan managers with the statutory authority to set the actuarial assumptions used to evaluate the state’s public pension plan. Over the past few years, the ACC has set assumptions that are significantly higher

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