Florida State Board of Administration

About Florida State Board of Administration

The State Board of Administration of Florida (the “SBA” or the “Board”) is an agency of Florida state government that provides a variety of investment and trust services to various governmental entities. A key responsibility is to manage the assets of the Florida Retirement System (FRS) Pension Plan, which is the fifth largest public pension plan in the United States. The plan provides retirement benefits for over 900,000 current and former public employees, with approximately $2 of every $3 paid from investment earnings. The SBA’s primary focus is on investment management as it does not manage pension plan benefits. The SBA is also responsible for managing the FRS Investment Plan (a defined contribution plan), the Lawton Chiles Endowment Fund, the Local Government Surplus Funds Trust Fund (currently known as Florida PRIME), the Florida Hurricane Catastrophe Fund and a variety of smaller funds.

The SBA is governed by a 3-person Board of Trustees comprised of the state’s Governor, Chief Financial Officer, and Attorney General. The Trustees delegate authority to the Executive Director and Chief Investment Officer (ED/CIO), who serves at the discretion of the Trustees and is responsible for managing and directing all administrative, personnel, budgeting, investment policy, and investment functions. The ED/CIO manages approximately 200 professional and administrative support staff.

Website	http://www.sbafla.com
Employees	201-500 employees View all Florida State Board of Administration employees
Industry	Investment Management
Headquarter	1801 Hermitage Blvd., Tallahassee, Florida 32309, US
Keywords	Real Estate, Fixed Income, Global Equity, Defined Contributions, Private Equity & Strategic Investments