Events​

Jim Rizzo will present the topic “Pension Budgets in a COVID-19 New Normal” at the Florida Government Finance Officers Association’s (FGFOA) 2020 Virtual Educational Conference.

Session Description: Pension budget forecasts (near-term and longer-term) are significantly affected by pension plans’ experience in the past and their assumptions about the future, especially for investment returns. The impact of COVID-19 on the markets and the investment return assumptions will affect this years’ actuarial valuations for the Florida Retirement System as of June 30 and local retirement systems as of September 30.

We know there is no free lunch and someone has to pay the tab. We will take a peek at how the 2020 and later valuations might look, and what happens if the return assumptions are not met in the future.