I. Normal Retirement

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

This item concerns planned changes to the normal retirement eligibility and benefit calculations for the City of Mount Dora Firefighters' Pension & Retirement. The plan is to adjust the age and years of service required for retirement, as well as the formula used to calculate benefits. These changes are currently under review. The project would involve actuarial analysis, legal review of the proposed changes, and potentially updating administrative systems and member communications. This early stage presents an opportunity for professional services related to actuarial consulting, legal counsel specializing in public pensions, and administrative support. Engaging now allows businesses to understand the scope and prepare for potential future implementation phases.