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The division manages Florida's state-administered retirement systems, monitors Florida's local public retirement systems, oversees local police and fire pension funds in the state that participate, and oversees the State University System Optional Retirement Program and the Senior Management Service Optional Annuity Program. [5]
The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
Chris Spencer on Tuesday was named head of the State Board of Administration, the agency managing about $225 billion in state assets, including $185 billion in the Florida Retirement System to ...
Florida and retirement go hand in hand. The warm weather, plentiful amenities, and lack of state income tax are just a few of the reasons why American seniors flock to the Sunshine State. Check It...
According to Insurance.com, the “average home insurance rate nationwide is $2,777 a year, or $231 a month.”. In Florida, however, it’s pricier. The average $400,000 Florida home costs at ...
Florida Citrus Commission. Florida Department of Citrus (FDOC) Florida Department of Corrections (FDC) Florida State Board of Education. Florida Department of Education (FLDOE) Florida Department of Elder Affairs (DOEA) Florida Department of Environmental Protection (DEP) Florida Department of Health (DOH)
Governor. The governor of Florida is the chief executive of the government of Florida and the chief administrative officer of the state responsible for the planning and budgeting for the state and serves as chair when the governor and the Florida Cabinet sit as a decision-making body in various constitutional roles. [3]