J. Early Retirement

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

This item concerns a proposed change to the Firefighters' Pension and Retirement plan for the City of Mount Dora. The plan is under review to allow members to elect early retirement at age 45 with 10 years of credited service. The benefit would be reduced by 3.0% for each year before the normal retirement date. This is a planned policy adjustment, not a construction project. The review process is early, meaning potential future impacts are still being determined. No specific contractors, suppliers, or service providers are needed at this stage. Businesses interested in future opportunities related to pension plan administration or financial services should monitor the progress of this review.

age

45

years of Credited Service

10

reduction percentage

3.0 %