8. Manager reports compliance with PFIA.  

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

The City of Mount Dora Police Officers' Pension and Retirement Fund is undergoing an actuarial valuation as of October 1, 2025. This process is being conducted to measure the system's funding progress and determine the employer contribution rate for the fiscal year ending September 30, 2027. The valuation is based on data through September 30, 2025, and involves reviewing retirement system benefits, financial transactions, plan provisions, and member data. The report is intended for use by the Retirement System and designated parties. This actuarial valuation is currently under review, with results being presented to the Board of Trustees. While this is a financial and actuarial review, it may inform future funding decisions. Businesses specializing in actuarial services, financial consulting, and potentially investment management could find this an area of interest as the fund's financial health and contribution requirements are assessed.

Total Fund Market Value

20,768,525 $

Total Fund Estimated Annual Fee

57,403 $

Valuation Date

October 1, 2025

Fiscal Year Ending for Contribution Rate

September 30, 2027

Data Through Date

September 30, 2025