The states pension fund dropped $2 billion in terms of available funds, but experts say the numbers could have been worse without changes made by the governor and Legislature earlier this year.
The Florida Retirement System pension plan is 87.1 percent funded, down from 87.9 percent a year ago, according to Seattle-based firm Milliman.
This means the plan has a shortfall of $18.7 billion to pay all current and expected future benefits to participants and their beneficiaries. A year ago, the shortfall was $16.7 billion.
