| Valuation Results (in $ Billions) | ||||
|---|---|---|---|---|
| July 1, 2021 | July 1, 2022 | July 1, 2023 | July 1, 2024 | |
| Actuarial Liability | $209.6 | $217.4 | $226.2 | $237.4 |
| Actuarial Value of Assets | $174.9 | $179.2 | $184.2 | $191.6 |
| Unfunded Actuarial Liability | $34.7 | $38.3 | $42.0 | $45.8 |
| Funded Percentage (Actuarial Value of Assets/Actuarial Liability) |
83.4% | 82.4% | 81.4% | 80.7% |
Source: Milliman, Inc., “Actuarial Valuation of the Florida Retirement System Pension Plan as of July 1, 2024.”