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1,852 records
N. Death in the Line of Duty Eligibility: Members are eligible for survivor benefits after age 50 and the completion of 7 or more years of Credited Service. For those hired on or before May 20, 1997, age 60 regardless of Credited Service.Benefit: The beneficiary will receive an amount computed as the member had retired on the date of death and chosen a 50% Joint and Survivor option if married. If there is no spouse the amount payable to a survivor is a 10 year certain and life annuity. The benefit is payable immediately.Normal Form of Benefit: Survivor’s share of a 50% Joint and Survivor for a spouse; 10 Years Certain for any other beneficiary.COLA: None The beneficiary of a plan member who was not eligible for retirement under the conditions above will receive a refund of the member’s accumulated contributions with interest.O. Other Pre-Retirement Death Eligibility: Members are eligible for survivor benefits after age 50 and the completion of 7 or more years of Credited Service. For those hired on or before May 20, 1997, age 60 regardless of Credited Service.Benefit: The beneficiary will receive an amount computed as the member had retired on the date of death and chosen a 50% Joint and Survivor option if married. If there is no spouse the amount payable to a survivor is a 10 year certain and life annuity. The benefit is payable immediately.Normal Form of Benefit: Survivors share of a 50% Joint and Survivor for a spouse; 10 Years Certain for any other beneficiary.COLA: None The beneficiary of a plan member who was not eligible for retirement under the conditions above will receive a refund of the member’s accumulated contributions with interest.P. Post Retirement DeathBenefit determined by the form of benefit elected upon retirement.
June 12, 2026 General Employees' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 General Employees' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
O. Other Pre-Retirement Death
This item concerns the City of Mount Dora Firefighters' Pension and Retirement Fund's pre-retirement death benefit rules. The fund is reviewing eligibility and benefit details for members who die before retirement. This review is part of the fund's annual actuarial valuation process. The process involves assessing member service credit and compensation to determine survivor benefits. No construction or development is described in this item. Local businesses that provide actuarial services, financial consulting, or legal services related to pension funds may find this review relevant. Early engagement with the fund could provide insight into potential future needs or changes in their operational requirements.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
O. Other Pre-Retirement Death
This item concerns the City of Mount Dora Police Officers' Pension and Retirement Fund's pre-retirement death benefit policy. The policy outlines survivor benefits for members with six or more years of service, providing them with the member's accrued normal retirement benefit. For members with less than six years of service, beneficiaries will receive a refund of accumulated contributions with interest. This policy is currently under review as part of the October 1, 2025, Annual Actuarial Valuation. The review process may involve actuarial analysis and policy adjustments. Local businesses specializing in actuarial services, legal counsel related to pension funds, and administrative support services could find opportunities related to this ongoing review.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
P. Post Retirement Death
June 12, 2026 Firefighters' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
P. Post Retirement Death
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
Q. Optional Forms
June 12, 2026 Firefighters' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
Q. Optional Forms
This item concerns the City of Mount Dora's Police Officers' Pension & Retirement board and their upcoming meeting on June 12, 2026. The board will discuss optional forms of retirement benefits for retirees. These options include a Single Life Annuity, various Joint and Survivor options (50%, 66 2/3%, 75%, and 100%), and a Social Security option for those retiring before Social Security eligibility. This is a review of benefit structures and does not involve new construction or development. Therefore, there is no direct project scope of work for contractors, trades, or suppliers at this time. Local businesses should monitor future pension and retirement board actions for potential opportunities.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
Q. Optional FormsIn lieu of electing the Normal Form of benefit, the optional forms of benefits available to all retirees are the 10 Years Certain and Life option or the 50%, 66 2/3%, 75% and 100% Joint and Survivor options. A Social Security option is available for those retiring prior to the time that Social Security benefits are payable. R. Vested TerminationEligibility: A member has earned a non-forfeitable right to Plan benefits after the completion of 7 years of Credited Service. Benefit: The benefit is the member’s accrued Normal Retirement Benefit as of the date of termination. Benefit begins on the member’s Normal Retirement date. Alternatively, members can elect a reduced Early Retirement benefit any time after age 50. Normal Form of Benefit: Life Annuity; other options are also available.COLA: NoneMembers terminating employment with less than 7 years of Credited Service will receive a refund of their own accumulated contributions with interest. S. RefundsEligibility: All members terminating employment with less than 7 years of Credited Service are eligible. Optionally, vested members (those with 7 or more years of Credited Service) may elect a refund in lieu of the vested benefits otherwise due. Benefit: Refund of the member’s contributions with interest.T. Member ContributionsNone required for Members hired prior to October 1, 1985. 7.14% of Compensation for additional benefits provided to Contributing Members (optional formembers hired prior to October 1, 1985 and mandatory for all future members).U. Employer ContributionsAny additional amount determined by the actuary needed to fund the plan properly according to State laws. The total cost for the year is defined as the total normal cost plus the additional amount sufficient to amortize the unfunded accrued past service liability over a period of not more than 30 years.
June 12, 2026 General Employees' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 General Employees' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
R. Vested Termination
This item concerns the Firefighters' Pension & Retirement plan for the City of Mount Dora. It outlines the rules for vested members who terminate their employment, detailing benefit eligibility after 10 years of service and how benefits are calculated. The plan does not include a Cost of Living Adjustment (COLA). Members with less than 10 years of service will receive a refund of their contributions. This is a review of existing pension plan rules, not a new construction project. Therefore, there is no direct construction work or related services being initiated at this time.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
R. Vested Termination
This item concerns the Police Officers' Pension & Retirement plan for the City of Mount Dora. It outlines the rules for vested terminations, detailing that members earn a non-forfeitable right to benefits after 6 years of service. The benefit amount is the accrued Normal Retirement Benefit at termination, payable at the Normal Retirement date, with an option for an early retirement benefit after age 50. Members with less than 6 years of service will receive a refund of their contributions with interest. This is a review of existing pension plan rules and does not involve new construction or development. Therefore, there is no direct construction work or related trades opportunity at this time. Local contractors, trades, suppliers, and service providers should monitor future city agendas for potential development projects.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
S. Refunds
June 12, 2026 Firefighters' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
S. Refunds
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
T. Member Contributions
June 12, 2026 Firefighters' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
U. Employer Contributions
June 12, 2026 Firefighters' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
V. Cost of Living IncreasesNot Applicable W. 13thCheckNot ApplicableX. Deferred Retirement Option PlanEligibility: Plan members who have met one of the following criteria are eligible for the DROP: (1) age 60 and 7 years of Credited Service, or(2) age 60 regardless of Credited Service for those hired on or before May 20, 1997. Members must make a written election to participate in the DROP.Benefit: The member’s Credited Service and AME are frozen upon entry into the DROP.The monthly retirement benefit as described under Normal Retirement is calculated based upon the frozen Credited Service and AME.Maximum DROP Period: 5 years Interest Credited: The member's DROP account is credited at an interest rate based upon the option chosen by the member. Members must elect from 1 of the 2 following options:1. Gain or loss at the same rate earned by the Plan, or2. Guaranteed rate as determined by the Board.Normal Form of Benefit: Lump Sum COLA: NoneY. Other Ancillary BenefitsThere are no ancillary retirement type benefits not required by statutes but which might be deemed a City of Mount Dora General Employees’ Retirement System liability if continued beyond the availability of funding by the current funding source.Z. Changes from Previous ValuationThere are no changes from the previous valuation.
The City of Mount Dora is undergoing an actuarial valuation of its Other Postemployment Benefits (OPEB) for the fiscal year ending September 30, 2025. This process involves assessing the financial reporting requirements for benefits provided to the city's retiring employees, specifically medical and prescription drug benefits. The valuation, performed by Gabriel, Roeder, Smith & Company, is currently under review as part of the city's financial statement preparation. This actuarial assessment will inform the city's financial reporting and may involve adjustments to recognized liabilities and expenses. While this is an accounting and financial reporting exercise, it could lead to future financial planning considerations for the city. Local businesses involved in financial consulting, accounting, and actuarial services may find opportunities to engage with the city as these financial reporting requirements evolve.
- Board:
- June 12, 2026 General Employees' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
- Address:
- 510 N. Baker Street, Mount Dora, Florida 32757
a. Motion for Linda Boklan’s Resignation. March 20, 2026 will be Chairperson Linda
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. 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:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
1. Budget Parameters and Fire Assessment
June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment listed this item on its agenda for 2026-06-08 in City of Mount Dora. 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:
- June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment
- Date:
- 2026-06-08
- Type:
- Agenda_item
1. Budget Parameters and Fire Assessment
June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment listed this item on its agenda for 2026-06-08 in City of Mount Dora. 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:
- June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment
- Date:
- 2026-06-08
- Type:
- Agenda_item
1. Budget Workshop June 8th 2026
The City of Mount Dora is planning for its Fiscal Year 2026-2027 budget, which includes discussions on property tax reform and its impact on city services. This process involves reviewing potential changes to millage rates and fire assessment fees. The city is considering various budget scenarios to address potential revenue shifts, focusing on core service protection, recurring cost discipline, and reserve preservation. This planning phase will involve modeling impacts on public safety, infrastructure like roads and stormwater, and general government operations. Local contractors, suppliers, and service providers should monitor upcoming budget workshops and public hearings, particularly those related to capital outlay, infrastructure, and fire services. Engaging early in this planning process allows businesses to understand potential project scopes and timelines before formal bids and permits are issued, offering a competitive advantage.
- Board:
- June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment
- Date:
- 2026-06-08
- Type:
- Agenda_item
1. Guiding Principles
June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment listed this item on its agenda for 2026-06-08 in City of Mount Dora. 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:
- June 8, 2026 City Council Budget Workshop: Budget Parameters and Fire Assessment
- Date:
- 2026-06-08
- Type:
- Agenda_item
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