R. Vested Termination

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

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.

Credited Service

10 years

Early Retirement

45 age

Interest on contributions refund

4 %