US - The US$126.9bn Florida Retirement System (FRS) Pension Plan Trust Fund maintained a positive funding ratio, estimated at 105% at fiscal year-end 30 June 2008, following reports of negative ratios by other US public pension funds.
Bob Milligan, State Board of Administration (SBA) interim executive director, said: "The fund continues to be one of the strongest in the country. It is actuarially sound and contribution rates rem...
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