Pension numbers increase budget pressure

State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure on lawmakers as they craft a new state budget.
State analysts agreed Thursday to lower the expected rate of return on Florida’s $154 billion pension fund, which will put more pressure on lawmakers as they craft a new state budget.
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State economists on Thursday decreased the Florida Retirement System Pension Fund‘s expected rate of return on investments to 7.6 percent, from 7.65 percent.