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Florida State Board Moves to Target Date Funds for Pension Plan
Pensions & Investments Link to more items from this source
Jan. 6, 2014
"The restructuring includes dropping the plan's three risk-targeted balanced funds, mapping the assets into the 10 target-date funds. In addition, actively managed investment options will be reduced to eight from 13. With 44.7% of the plan's assets directed by participants into the 401(a)'s three balanced funds, the board hopes to steer participants to more age-appropriate target-date funds to better align their risk tolerances with their career time horizons[.]"

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