Public pensions have come under political fire throughout the country. But a former director who handled Florida’s assets said the Sunshine State need not worry about the fiscal health of its program.
Ash Williams, former Executive Director and CIO of the State Board of Administration (SBA), said Florida’s structure leaves its own funds more nimble and less influenced by politics.
“We have governance second to none in this country,” Williams said. Florida’s system, where one person makes direct decisions about investments, allows for an SBA director to act more quickly than in states where decisions must go through a board of political appointees.
During two stints heading the agency, Willia...