OPPAGA text logo with graphic of FL historic capitol
OPPAGA text logo with graphic of FL historic capitol

During Fiscal Years 2016 Through 2018, Major SBA Fund Returns Exceeded Market-Based Investment Benchmarks Over the Long Term

Report 19-04, March 2019




Report Summary

  • For this biennial, Florida Retirement System Pension Plan fund investment returns exceeded the board's overall investment objective for all but one period during a 30-year span.
  • The Pension Plan fund's multi-year performances were similar to returns for some other states with large pension funds. As of June 30, 2017, Florida's pension plan fund had a 10-year return of 5.5%, while nine comparable state pension funds had 10-year returns ranging from 4.4% to 5.8%.


Related Reports
  1. Over the Long-term, Major SBA Fund Returns Exceeded Market-Based Investment Benchmarks; FRS Pension Fund Multi-Year Performance Similar to Other States.
    Report 16-06 November 2016
  2. FRS Pension Plan Investment Returns Are Similar to Other Public Pension Funds; SBA Continues to Increase Alternative Investments
    Report 15-05 March 2015
  3. FRS Pension Plan Investment Returns Are Similar to Those of Other States; SBA Is Increasing Alternative Investments
    Report 13-05 February 2013
  4. 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.
investment, pension plan, state board of administration, SBA, funds, growth, benchmark, investment returns, investment objective, trailing return, performance, externally managed, investment costs, basis points, assets, mutual funds, hedge funds