TALLAHASSEE, Fla. (AP) — Florida's pension plan grew by slightly more than $19 billion in the fiscal year completed June 30.
The State Board of Administration released figures Wednesday that show the Florida Retirement System Plan had a 22 percent return and ended the fiscal year with a market value of $128.4 billion.
The preliminary return represents the best performance of the past 25 years in absolute terms.
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The optional retirement plan for public employees, known as the FRS Investment Plan, also posted big year-end gains. With over 136,500 participants, the plan grew to a record $6.7 billion, representing an increase of nearly $1.7 billion — an 18.1 percent increase — from this time last year.
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