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

Review of the 1997 Actuarial Valuation of the Florida Retirement System

Report 97-66, March 1998

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Report Summary

  • The Florida Retirement System's (FRS) 1997 actuarial valuation recommended reasonable contribution rates. (Page 2, column 2.)
  • The valuation was made in accordance with relevant laws, rules, and actuarial standards. (Page 2, column 2.)
  • Our consulting actuary noted several concerns regarding the 1997 valuation: it used a salary increase rate assumption that differs from the type used by most large pension systems and it did not provide detailed information needed to assess the effect of some factors on system liabilities. (Page 3, column 1.)
  • Significant progress has been made in improving the system's funding status. (Page 3, column 1.)

Related Reports
  1. 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.
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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