3. Inactive Participant Scatter 42

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

The City of Mount Dora Police Officers' Pension and Retirement Fund is reviewing its October 1, 2025 annual actuarial valuation. This review involves discussing valuation results, including required employer contributions, which are projected to be 10.32% of payroll starting October 1, 2026. The fund's funded ratio is currently 103.3%. This process is under review and involves analyzing actuarial assumptions and financial data. The work set in motion by this review includes actuarial analysis, financial reporting, and potentially adjustments to contribution strategies. This early stage offers an opportunity for financial consultants, actuarial services, and legal advisors to engage with the city before final decisions are made. Reaching out now allows businesses to understand the fund's financial position and contribute to future planning.

Required Employer/State Contribution

657,220 $

Required Employer/State Contribution

615,955 $

Required Employer/State Contribution

(41,265) $

As % of Covered Payroll

17.98 %

As % of Covered Payroll

16.41 %

As % of Covered Payroll

(1.57) %

Estimated Credit for State Contribution

228,548 $

Estimated Credit for State Contribution

0 $

As % of Covered Payroll

6.25 %

As % of Covered Payroll

6.09 %

As % of Covered Payroll

(0.16) %

Required Employer Contribution

428,672 $

Required Employer Contribution

387,407 $

Required Employer Contribution

(41,265) $

As % of Covered Payroll

11.73 %

As % of Covered Payroll

10.32 %

As % of Covered Payroll

(1.41) %

Actual Employer and allowable State contributions

443,065 $

Actual Employer and allowable State contributions

228,548 $

Actual Employer and allowable State contributions

671,613 $

covered payroll

3,081,417 $

required contribution

580,847 $

covered payroll

21.80 %

required contribution

18.85 %

net actuarial gain

1,239,337 $

employment separations

7

expected

3

Actual average salary increases

4.4 %

assumed

8.5 %

return on the actuarial value of assets

9.4 %

assumed

7.0 %

return on the market value of assets

10.2 %

employer contribution

3.72 %

funded ratio

103.3 %

funded ratio

99.3 %

funded ratio

106.2 %

Contribution Rate Last Year

11.73 %

Actuarial Experience

(3.72) %

Change in Administrative Expenses

0.04 %

Change in State Contribution

0.16 %

Change in Benefits

0.00 %

Change in Actuarial Assumptions

2.11 %

Contribution Rate This Year

10.32 %

City contribution requirement

10.32 %

market value of assets

1,361,516 $

City contribution rate

6.25 %

funded ratio

110.7 %