The Retirement Program still has not established performance indicators for assessing the results of its $38 million re-engineering project. Program managers cite other priorities as causing them to defer developing these indicators, but plan to establish them in the fall of 2003.
Current program managers agree with our recommendation to assess whether the Florida Retirement System benefit choices are helping attract and retain public employees. This is especially important in light of the 2000 Legislature creating a new defined contribution plan option for Florida Retirement System members.
Consistent with our recommendations, the Legislature has addressed the Retirement Program's backlog in reviewing local actuarial reports. The Legislature amended the law in 1999 to allow the program to streamline the review process. The Legislature also funded a second actuarial position in Fiscal Year 2000-01 to help the program cope with its workload problems.

Outsourcing Pension Plan's Outreach Services Would Not Be Cost-Effective
Report 03-61 November 2003
Feasibility of Outsourcing Florida's Statewide Retirement Systems
Report 01-12 February 2001
Investment of Florida Retirement System Assets Meets Goals, But Earnings Could Be Increased
Report 99-52 May 2000
The Florida Retirement System Continues to Be Fully Funded; Unfunded Liability Eliminated
Report 99-50 May 2000

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.