DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

State retirement system

FRS Defined Benefit Pension Plan

State retirement systemFL
Assets
$200B
Total assets, Jun 30, 2024 reported
Funded
n/a
not filed
Private markets target
n/a
no policy read
Commitments
0
none on the tape
Allocation policy
No allocation policy has been read for this allocator yet. Public systems get theirs from the ACFR; corporate plans from the sponsor’s 10-K; plans from Schedule H lines.
Consultants and advisers
No adviser relationship is on the tape for this allocator. Public systems name theirs in the ACFR; plans list them on Schedule C.
People
No investment staff or executives have been read for this allocator yet.
Manager roster
No manager relationship is on the tape for this allocator.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
57 readings
Total assets
$200B Jun 30, 2024 reported Census ASPP
$187B (2023-06) · $182B (2022-06)
Fiduciary net position
$199B Jun 30, 2024 reported Census ASPP
$186B (2023-06) · $180B (2022-06)
Long-term investments
$199B Jun 30, 2024 reported Census ASPP
$187B (2023-06) · $182B (2022-06)
Total pension liability
$39B Jun 30, 2024 reported Census ASPP
$40B (2023-06) · $37B (2022-06)
Discount rate
6.70% Jun 30, 2024 reported Census ASPP
6.70% (2023-06) · 6.70% (2022-06)
Participants
1,235,903 Jun 30, 2024 reported Census ASPP
1,219,687 (2023-06) · 1,223,377 (2022-06)
Active members
659,333 Jun 30, 2024 reported Census ASPP
646,277 (2023-06) · 629,073 (2022-06)
Beneficiaries
459,428 Jun 30, 2024 reported Census ASPP
455,601 (2023-06) · 477,673 (2022-06)
Benefits paid
$12B Jun 30, 2024 reported Census ASPP
$12B (2023-06) · $12B (2022-06)
Investment expense
$765M Jun 30, 2024 reported Census ASPP
$743M (2023-06) · $752M (2022-06)
What changed
4 events
  • Jun 30, 2024Assets changed
    FRS Defined Benefit Pension Plan fiduciary net position $186.4B -> $198.7B (+6.6%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2024Assets changed
    FRS Defined Benefit Pension Plan total assets $187.2B -> $199.7B (+6.7%, 2023-06-30 to 2024-06-30)
  • Jun 30, 2023Assets changed
    FRS Defined Benefit Pension Plan fiduciary net position $180.2B -> $186.4B (+3.4%, 2022-06-30 to 2023-06-30)
  • Jun 30, 2023Assets changed
    FRS Defined Benefit Pension Plan total assets $181.9B -> $187.2B (+2.9%, 2022-06-30 to 2023-06-30)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: Census PID6 226212
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.