Florida State Board of Administration

Florida State Board of Administration is a public pension fund based in Tallahassee, Florida. Established in 1943, the fund invests and safeguards assets of the Florida Retirement System Trust Fund and other funds for the state of Florida and local governments. The fund 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), and the Florida Hurricane Catastrophe Fund, and smaller funds. The assets of the fund are managed by the executive management team.