The Florida Legislature
OPPAGA script logo
Office of Program Policy Analysis and Government Accountability

Oversight Report on the State Board of Administration's 1994-95 Investment Performance, Report No. 96-09, September 1996
Full report in PDF format

  • The State Board of Administration's (SBA) allocation of Florida Retirement System assets was within ranges established in its long-term investment plan.
  • The SBA's overall return on investing Florida Retirement System assets exceeded its investment objective of 8%.
  • Investment returns for most asset classes were close to their performance objectives over periods of three and five years. However, the domestic equity asset class under-performed its objectives in 1994-95. If the return rate on domestic equities in 1994-95 was as high as relevant market indexes, the SBA would have earned additional returns ranging from $356 million to $566 million.
  • Performance data in the SBA's 1994-95 Investment Report is reasonably accurate.

    Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
    e-mail address:

    Reports  |  Home