Over the long-term, State Board of Administration investment returns for all five major mandate funds met or exceeded market-based investment benchmarks.
While its one-year return for Fiscal Year 2015-16 was less than 1%, the Florida Retirement System (FRS) Pension Plan fund generally exceeded market-based investment benchmarks over the long term. Similarly, while the fund's one-year return for Fiscal Year 2014-15 was less than returns for some other states with large pension funds, its multi-year performance was comparable.
The Florida PRIME Fund also exceeded market-based investment benchmarks. One-year returns for the FRS Investment Plan, the Florida Hurricane Catastrophe Fund, and the Lawton Chiles Endowment Fund fell short of benchmarks in Fiscal Year 2015-16, but met or exceeded 3-year, 5-year, and 10-year benchmarks.

During Fiscal Years 2016 Through 2018, Major SBA Fund Returns Exceeded Market-Based Investment Benchmarks Over the Long Term
Report 19-04 March 2019
FRS Pension Plan Investment Returns Are Similar to Other Public Pension Funds; SBA Continues to Increase Alternative Investments
Report 15-05 March 2015
FRS Pension Plan Investment Returns Are Similar to Those of Other States; SBA Is Increasing Alternative Investments
Report 13-05 February 2013
Compared to Other States, the Pension Plan Is Better Funded, Incurs Lower Investment Fees, and Has Fewer Trustees; Investment Returns Are Average
Report 11-10 February 2011

Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.