Sarasota County, Florida
FACT 25 OF 28
VERIFIEDA $373M pension that swings half a billion on one guess.
$135M–$657M
the swing on one discount-rate point
The liability is state-administered, but it sits on the county's books — and ultimately on yours. In fairness: it is improving, down from a $449 million peak in FY2023.
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County net pension liability, FY2025 — discount-rate sensitivity
$135M
$372.7M (booked)
$657M
discount rate +1 pointcurrent rates (6.70% FRS / 5.20% HIS)discount rate −1 point
Fairness note: the liability is IMPROVING — down from a $449M peak in FY2023 to $372.7M in FY2025. The point is sensitivity, not trajectory: a one-point assumption miss swings the obligation by roughly $522 million.
Source: Sarasota County ACFR FY2025, Note 10, pp. 144-149 (FRS + HIS sensitivity disclosures)