The Retirement Program should be continued. Not offering a pension to employees would put state, school district, county, and many other local government employers at a competitive disadvantage in attracting and retaining employees.
Privatizing the program is not currently viable. Private sector firms providing retirement plan administration services are geared toward handling smaller and less complex pension plans that the Florida Retirement System.
The program has performed well in administering statewide retirement systems. The program has achieved high levels of customer satisfaction with its services and has efficiently used its resources in comparison to similarly sized state retirement systems. However, its effectiveness in overseeing local government pension plans not part of the Florida Retirement System has been limited due to an untimely process for reviewing the local plans' actuarial documents. Program staff could improve their performance in overseeing local plans by using risk-based criteria and sampling methods to select actuarial documents for review by the program's actuary.

Feasibility of Outsourcing Florida's Statewide Retirement Systems
Report 01-12 February 2001
Progress Report: Retirement Program Addresses Backlog, But It Defers Developing Re-Engineering Indicators
Report 00-01 August 2000
Review of the Division of Retirement's Performance-Based Program Budgeting Measures and Standards
Report 97-39 February 1998

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.