Florida Retirement System: Don’t Panic

Posted on 05/22/2023

Florida’s pension plan, The Florida Retirement System Pension Plan, took a US$ 14 billion loss in Fiscal Year 2022, a drawdown of 6.7%. In a news release the Tallahassee-based administrative team put out a notice to retirees: “Don’t panic.” FRS says: “Don’t make an impulsive move that you’ll regret later.” FRS suggests maintaining a long…

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