TALLAHASSEE, Fla. (AP) - Florida's pension plan grew by slightly more than $19 billion in the fiscal year completed June 30.
The State Board of Administration released figures Wednesday that show the Florida Retirement System Plan had a 22 percent return and ended the fiscal year with a market value of $128.4 billion.
The preliminary return represents the best performance of the past 25 years in absolute terms.
The optional retirement plan for public employees, known as the FRS Investment Plan, also posted big year-end gains. With over 136,500 participants, the plan grew to a record $6.7 billion, representing an increase of nearly $1.7 billion - an 18.1 percent increase - from this time last year.
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