3. Salary and Payroll risk – actual salaries and total payroll may differ from expected, resulting in

June 12, 2026 Firefighters' Pension & Retirement · 2026-06-12 · agenda_item

This item concerns salary and payroll risk for the City of Mount Dora Firefighters' Pension & Retirement. The risk is that actual salaries and total payroll might not match expected amounts. This could cause the actual future liability and contributions to be different from what was planned. This item is currently under review by the Firefighters' Pension & Retirement board. The potential work involves analyzing current payroll data and projecting future financial needs. This could lead to adjustments in contribution strategies and liability management. Local businesses specializing in financial analysis, actuarial services, and risk management could find opportunities here. Engaging early allows for input before final decisions are made.