Florida Retirement System

Despite increases in assets among middle-class Americans in recent years, 80 percent of older adults would be unable to afford two years of long-term care, according to data from the National Council on Aging.

There are about 16,000 empty positions in a state that already has one of the smallest government workforces in the country.

Bill sponsor Bob Rommel said the legislation would “send a message” that Florida won’t engage with corporations using “progressive ideology” or “exercising corporate activism when issuing bonds.”

Reports show the Florida pension system had investment losses of about 6.2 percent during the fiscal year that ended June 30 — similar to pension-system losses across the country.

Said DeSantis: “Our investment of funds should be for the best interest of our beneficiaries here in the state of Florida, it should not be a vehicle to impose an ideological agenda.”

The Florida Retirement System (FRS) until recently was led by a man who helped make the system a model for states around the country. Ash Williams managed a range of state investments, including the Hurricane Catastrophe Fund and money for local governments

The proposal would require future employees in the Florida retirement system to enroll in a 401(k)-style "investment" plan, and not a pension plan.

It would require new state employees to enroll in a 401(k)-style plan instead of a pension plan.

Broward County teachers want their retirement money out of companies that make guns.

Florida's state-run pension plan is going to sue a pharmaceutical company over millions in losses that top officials contend were due to fraud.

The Florida House passed a controversial bill making changes to Florida’s Retirement System.

Last week, Florida democrats met in the capitol to discuss plans to oppose statewide pension reform, and now they can check it off their to-do list- the...