State-administered Retirement Systems (Watch)

State-administered Retirement Systems (Watch)

SB 7014 (Governmental Oversight and Accountability Committee) and PCB APC 18-04 (Appropriations Committee) establish the contribution rates paid by employers participating in the Florida Retirement System (FRS) beginning July 1, 2018. These rates are intended to fund the full normal cost and the amortization of the unfunded actuarial liability of the FRS. (Hughes)