Florida’s state pension ekes out small annual gain

Florida’s Retirement System (FRS) is doing OK overall:

…Over the past 20 years, the pension fund has seen an average annual return of 8.1 percent, above the 7.75 percent annual benchmark.

via Florida’s state pension ekes out small annual gain | Reuters.

And the interesting item in the article is the traditional Defined Benefit funds have averaged 11% over three years while the Defined Contribution funds have only grown a mere one percent (1.07%).

If the FRS system is successful with only a 3% contribution from the employees, why is Hollywood doing so poorly with a 9% employee contribution?