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Policy Area: EXECUTIVE LEADERSHIP AND SUPPORT SERVICES |
Issue: FLORIDA RETIREMENT SYSTEM ADJUSTMENT - FY 2021-22 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY |
Justification
Governor's Recommendations 2022-23
This increase represents the distribution from Administered Funds for adjustments to the state's contribution rates for
the Florida Retirement System for Normal Costs and the Unfunded Actuarial Liability, contained in Chapter 2021-42, Laws
of Florida. These adjustments were effective July 1, 2021.