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1,243 records
3. Unrealized gain on investments (1,611,682) 10,280,892
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
4. Approve Application for Retirement – Tammi Leonard - Operations Administrator
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
4. Excess Funds for Previous Plan Year 26,969
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
4. Fiduciary Responsibility
The City of Jacksonville Beach General Employees' Retirement System is reviewing its legal representation. The system's Plan Administrator has presented two options for the Boards to consider: continuing with the current firm, Sugarman Susskind Braswell & Herrera, P.A., or transitioning to Jones Walker LLP, represented by Pedro Herrera. This decision is planned for the May 26, 2026, meeting. The process involves evaluating legal counsel based on factors like continuity, responsiveness, and cost. This review could lead to a new legal services contract. Businesses specializing in legal services, particularly those with public pension experience, may find opportunities. Engaging early in this review process allows potential providers to understand the system's needs before final decisions are made.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
- Address:
- 201 S Biscayne Blvd, #3000, Miami, FL 33131
- Applicant:
- City of Jacksonville Beach General Employees' Retirement System
4. Investment expense (77,459) (93,703)
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
4. Salary and Payroll Risk – actual salaries and total payroll may differ from expected, resulting in
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
4. Salary and Payroll Risk – actual salaries and total payroll may differ from expected, resulting in
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
5. Accumulated Excess at Beginning of Previous Year 0
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
5. Longevity Risk – members may live longer or shorter than expected and receive pensions for a
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
5. Longevity Risk – members may live longer or shorter than expected and receive pensions for a
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
6. Other Demographic Risks – members may terminate, retire or become disabled at times or with
The City of Jacksonville Beach is reviewing actuarial data for the Police Officers' Retirement System. This review includes analyzing demographic risks, investment returns, and the funded status of the pension plan. The system's actuarial value of assets and liabilities are being assessed, with a focus on the unfunded actuarial accrued liability. This process involves detailed financial modeling and projections. The current stage is under review as part of a quarterly pension meeting. This review could lead to adjustments in contribution strategies or investment management. Businesses specializing in actuarial consulting, financial analysis, and investment management may find opportunities to engage with the city on this ongoing civic agenda item. Early engagement could provide insight into potential future needs as the city manages its pension obligations.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
6. Other Demographic Risks – members may terminate, retire or become disabled at times or with
The City of Jacksonville Beach is reviewing its General Employees' Retirement System. This review includes analyzing demographic risks, investment returns, and the overall financial health of the pension plan. The system's actuarial valuation as of September 30, 2025, shows an Unfunded Actuarial Accrued Liability (UAAL) of over $22 million. The city is examining various financial measures and potential changes to actuarial assumptions and benefit provisions. This ongoing review is in its early stages, focusing on understanding current risks and future financial needs. The work involves detailed actuarial analysis, financial modeling, and potentially adjustments to contribution rates or benefit structures. Businesses specializing in actuarial consulting, financial analysis, and pension fund management may find opportunities to provide services as the city evaluates its long-term financial strategy.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
6. Prior Excess Used in Previous Plan Year 0
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
7. Accumulated Excess as of Valuation Date
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
A. Actuarial present value of future
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
A. Actuarial present value of future
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
A. Consideration by General Employees’, Police Officers’ and Firefighters’ Board of
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
A. Consideration by General Employees’, Police Officers’ and Firefighters’ Board of
This item concerns a quarterly pension meeting for the City of Jacksonville Beach. The meeting agenda includes consultant reports and presentations on legal matters, audited financial statements, actuarial valuations, and investment performance. The board will consider approving financial statements from Purvis Gray & Company and actuarial services from GRS Consulting. They will also discuss a new actuarial services agreement or the creation of a request for proposal. Investment consultants Mariner will present performance reports and a SMID Cap review, with possible action on portfolio asset allocation. The pension administrator will also present reports and proposed budgets for 2027. This is an administrative and financial review process, not a construction project. Therefore, there are no direct contracting opportunities for local contractors, trades, suppliers, or service providers related to construction or site development at this time.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
A. Consideration by General Employees’, Police Officers’ and Firefighters’ Board of
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
A. Consideration by General Employees’, Police Officers’ and Firefighters’ Board of
Quarterly Pension Meeting listed this item on its agenda for 2026-05-26 in City of Jacksonville Beach. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- Quarterly Pension Meeting
- Date:
- 2026-05-26
- Type:
- Agenda_item
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