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FRS pension fund's value up

By Travis Pillow

Florida's money managers reported strong preliminary returns for the state's pension fund, which helped boost the amount of money in the system that pays retirement benefits for hundreds of thousands of teachers, state workers and local government employees.

The State Board of Administration announced Tuesday that investments for the state's two main retirement plans both beat their benchmarks and posted double-digit returns during the fiscal year that ended June 30.

The state's pension fund earned a return of more than 13 percent.

http://www.tallahassee.com/article/20130807/NEWS01/308070024/FRS-pension-fund-s-value-up?gcheck=1

Copyright © 2013, Tallahassee Democrat


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