Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

Use of Investment Returns Has Increased; Plan for Addressing Associated Risks Should Be Documented

Report 06-68, November 2006




Report Summary

The SBA has generally performed well in achieving its investment objective for FRS pension plan assets. However, as the system has matured, it would be beneficial for the SBA to provide the Legislature with more information to assist in budget planning. We recommend that the

  • state's long-range financial outlook include projections of contributions to the pension plan;
  • SBA better document its approach to control short-term volatility of investment returns; and
  • SBA report the results of 2006 statutory changes increasing its flexibility in making alternative investments.


Related Reports
  1. During Fiscal Years 2016 Through 2018, Major SBA Fund Returns Exceeded Market-Based Investment Benchmarks Over the Long Term
    Report 19-04 March 2019
  2. 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
  3. FRS Pension Plan Investment Returns Are Similar to Other Public Pension Funds; SBA Continues to Increase Alternative Investments
    Report 15-05 March 2015
  4. FRS Pension Plan Investment Returns Are Similar to Those of Other States; SBA Is Increasing Alternative Investments
    Report 13-05 February 2013
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.
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.
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