That Union Thing
The Pew Center reports that the Florida Retirement System is stable and one of sixteen state systems to reach the "solid performer" level. The Fund is currently valued at over $126 billion, and is 82 percent funded. The state's health care fund for retirees, on the other hand, has a $4.5 billion liability, despite the relatively modest benefits offered by the state. According to a state analysis, the health fund is not prefunded and only has enough assets to cover 10 months of benefits.
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