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With debt and unfunded liabilities growing, Florida’s pension system still needs reform

SEPTEMBER 12, 2019 | REASON FOUNDATION

By Adrian Moore, includes “…The run-up in debt over the past 10 years is mostly due to the plan’s investment returns averaging about 1 percent below expectations. … The run-up in debt over the past 10 years is mostly due to the plan’s investment returns averaging about 1 percent below expectations. … Third, the state uses a method of calculating the value of promised retirement benefits that increases risk and makes the real debt larger than what is assumed. …”

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