1. POL FY25 Actuarial Valulation Report by Foster & Foster

Police Pension Board Meeting · 2026-05-05 · agenda_item

The City of Kissimmee Police Pension Board is reviewing the annual actuarial valuation report for the Municipal Police Officers' Retirement Fund. This report, prepared by Foster & Foster, assesses the fund's financial health and determines required contributions for the fiscal year ending September 30, 2026. The review process involves analyzing the fund's liabilities, assets, and funding levels based on actuarial assumptions. This actuarial valuation is a planned, ongoing process that informs future financial planning for the pension fund. While this is not a construction project, the ongoing financial analysis and management of such a fund may involve financial services, consulting, and data management. Businesses specializing in actuarial services, financial consulting, and data analysis could find opportunities to engage with the board or its administrators.

Actuarial Accrued Liability

111,117,402 $

Actuarial Value of Assets

97,201,167 $

Unfunded Actuarial Accrued Liability

21,845,795 $

Funded Ratio

81.65 %

Normal Cost

3,480,216 $

Administrative Expenses

95,980 $

Amortization Payment

3,051,534 $

Minimum Required Contribution

6,627,730 $

Member Contributions (Est.)

602,121 $

Expected City and State Contribution

6,025,609 $

State Contribution (Est.)

1,177,117 $

City Required Contribution (Est.)

4,848,492 $

Actives

138

Service Retirees

117

DROP Retirees

8

Beneficiaries

11

Disability Retirees

11

Terminated Vested

31

Total Participants

316

Projected Annual Payroll

12,489,912 $