Florida retirement conference retains assumptions as preliminary funding estimate improves
The October 21 FRS conference retained its 6.70% investment-return assumption. Its summary puts preliminary July 2026 funding at 84.5%, with final valuation results expected in December.
What the record says
Florida’s Retirement System Actuarial Assumption Estimating Conference retained the prior year’s assumptions at its October 21, 2026 meeting, according to the Legislature’s research office. The conference kept its investment-return assumption at 6.70% and inflation assumption at 2.40%. The executive summary reports a preliminary July 1, 2026 baseline funded status for the FRS Pension Plan of 84.5% and a projected unfunded actuarial liability of $39.0 billion, compared with 82.3% and $43.2 billion in the final 2025 valuation. These are preliminary actuarial estimates. The summary says the final July 2026 valuation will be released in December and will differ from the preliminary figures.
Source details and supporting locations.
Practical next step
Read the official conference summary for the assumptions, preliminary estimates and stated limitations.
Limits and what is not established
An assumed investment return is not a guaranteed return. These estimates do not establish an individual benefit change or provide an investment recommendation.
Sources checked October 22, 2026. Later notices may change instructions or arrangements.
Original sources
Florida Legislature Office of Economic and Demographic Research: original information