Florida Politics - Campaigns & Elections. Lobbying & Government.

Michael MolineSeptember 17, 2018

Ash Williams, who manages investments for the Florida Retirement System among other funds, would draw a $70,000 annual pay raise under a recommendation approved Monday. The pay hike, by the state’s Investment Advisory Council, needs the approval of the State Board of Administration, comprising the governor, chief financial officer, and attorney general. If they go […]

Peter SchorschNovember 2, 2017

The Florida Chamber of Commerce’s 2017 Insurance Summit is set to kick off today with a long list of presentations and panels, including a report from Florida CFO Jimmy Patronis on how the Sunshine State is “rising to the challenges it faces.” The two-day event, to be held at the Orlando Ritz Carlton, will include […]

Ana CeballosNovember 1, 2017

The state will again consider whether it should pursue action against Valeant Pharmaceuticals International, a drug company accused of running a scheme that shielded it from competition and artificially boosted drug prices and sales. The matter was discussed Wednesday at a Cabinet aides meeting before Gov. Rick Scott and the Florida Cabinet meet next Tuesday. According […]

Lloyd DunkelbergerOctober 18, 2017

In a rare move, Florida is considering taking on a large pharmaceutical company, alleging the state’s pension fund lost some $127 million in stock value because of federal security violations by the company. The State Board of Administration, which includes Gov. Rick Scott and two Cabinet members, will decide next month whether to hire a […]

Jim RosicaAugust 16, 2017

With no discussion, Gov. Rick Scott and members of the Florida Cabinet Wednesday approved a policy to forbid any investments benefiting the Nicolás Maduro regime in Venezuela. Scott, state Chief Financial Officer Jimmy Patronis and Attorney General Pam Bondi sit as Trustees of the State Board of Administration, which oversees state investments. The state currently has […]

Jim RosicaJune 13, 2017

Kent Perez, chief of staff to Attorney General Pam Bondi and a veteran of the office, Tuesday said he’s accepted an offer to become the State Board of Administration‘s deputy executive director. Perez, who’s been with the state off and on since 1978, told FloridaPolitics.com he expects to start the new job by the end […]

Jim RosicaOctober 14, 2016

State economists on Thursday decreased the Florida Retirement System Pension Fund‘s expected rate of return on investments to 7.6 percent, from 7.65 percent. The Actuarial Assumption Conference had stalemated earlier in the week, with some wanting the rate held at 7.65 percent, and others arguing to go down to 7.5 percent. Don Langston, staff director of the House of Representatives’ […]

Jim RosicaOctober 11, 2016

State economists on Tuesday deadlocked over changing the state pension fund’s expected rate of return on investments. The Florida Retirement System Actuarial Assumption Conference will meet again Thursday to see if members can compromise. Christian Weiss, economic policy coordinator for Gov. Rick Scott, argued for keeping the system’s assumed rate of return at 7.65 percent. But Don Langston, staff director […]

Lloyd DunkelbergerJuly 13, 2016

In a volatile year for the stock market, Florida’s $143 billion pension fund managed to eke out a gain in the recently concluded fiscal year, keeping a positive streak alive that has extended since a 19 percent drop in 2009. Ash Williams, executive director of the State Board of Administration, which manages the fund, described […]

Phil AmmannFebruary 11, 2016

Madeline Albright and Gloria Steinem need to stop obsessing about young women who won’t vote for Hillary Clinton. There’s a better use for their time and energy if they want her to be elected president. That’s to take Clinton by the shoulders, shake her until her teeth rattle, and scream into her ear, “Who do […]

Tag: State Board of Administration

Panel seeks pay increase for Florida’s chief investment adviser

Florida Chamber’s 2017 Insurance Summit kicks-off in Orlando

State may sue drug company over money lost in trading

State targets pharmaceutical company in stock case

Rick Scott, Cabinet members OK Venezuela investment ban

Personnel note: Kent Perez departing Attorney General’s Office

State economists lower expectations for pension fund

Economists agree to disagree on state pension fund

Despite market volatility, Florida state pensions to continue record of positive gains

Martin Dyckman: Hillary Clinton should acknowledge that her speaking fees are offensive