3. Investment side 4-year average 4.4% assume 7.25%

General Employee Pension Meeting · 2026-05-21 · agenda_item

The City of Cocoa Beach General Employees' Pension Plan is reviewing its actuarial valuation report and investment performance. The plan is currently at 85% of its funding goal and anticipates an increase in the city's required contribution rate to 14.62% by 2027 to maintain a 7.25% assumption rate. This review involves assessing investment returns and actuarial assumptions, including mortality rates. The process is currently in the review and acceptance stage, with recent approvals of the actuarial valuation and declaration of returns. This ongoing financial management and review process could lead to future needs for specialized financial consulting, actuarial services, and investment analysis. Businesses offering these services should consider engaging with the city's pension board or finance department to understand their long-term financial strategies and potential future service requirements.

investment side 4-year average

4.4 %

assumed rate

7.25 %

city required contribution in annual payroll

14.62 %

current city required contribution in annual payroll

12.10 %

funding percentage

85 %

fee

6,000.00 $

benefit calculations fee

656.00 $

board meeting expenses

245.00 $

compliance disclosure preparation fee

3,815.00 $

fee increase percentage

2.7 %

buyback and benefit calculation fee increase

328 $

annual online administration portal fee

18,386.00 $