The Florida Retirement System continues to be fully funded. The 2000 actuarial valuation determined that the system's assets continued to significantly exceed its liabilities, with a surplus of $13.555 billion as of July 1, 2000.
Buck Consultants, Inc., concluded that the 2000 valuation recommended reasonable contribution rates and was made in accordance with relevant laws, rules, and actuarial standards. It further concluded that the assumptions and methods used in the 2000 valuation were generally reasonable. However, it also made several technical recommendations. The department's consulting actuary should include a more detailed analysis of the causes of gains and losses to the system's liabilities in future valuations.
Retirement rate assumptions should be monitored for appropriateness, especially for younger system members.

Program Review: Florida Retirement System Pension Plan Fully Funded and Valuation Met Standard
Report 08-30 April 2008
Florida Retirement System Pension Plan Fully Funded and Valuation Met Standard
Report 07-24 April 2007
Program Review of the Florida Retirement System Pension Plan Fully Funded and Valuation Met Standards
Report 04-13 February 2004
Recommended Florida Retirement System Contribution Rates Are Reasonable
Report 02-20 March 2002

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.