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Gov. Ron DeSantis' budget chief to lead state body in charge of Florida Retirement System

Spencer was named executive director of the State Board of Administration, overseeing the Florida Retirement System.

Chris Spencer is selected by DeSantis to head Florida investments

Florida lawmakers look to scrap China-linked investments

A House analysis said investments in Chinese state-owned entities accounted for 0.16% of the retirement system fund.

Taylor, Gibbs hit pool

Lawmakers could divest state of investments linked to China

The Florida House on Wednesday rolled out a proposal to divest an estimated $277 million in state pension-fund investments in Chinese state-owned companies.The proposal, approved by the House State Affairs Committee, would require the State Board of Administration to develop a plan for selling holdings tied to Chinese companies by Sept. 1 and complete divestment within one year. The State Board of Administration invests state money, including in the pension fund.