F. Credited Service

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

This item concerns the calculation of credited service for police officers in the City of Mount Dora's pension and retirement plan. Credited service is defined as the total years and parts of years an officer has worked for the city and made member contributions. This includes paid leave time but excludes unpaid leaves and periods where contributions were refunded. The plan is currently under review for how credited service is measured. This review could lead to adjustments in how service years are calculated for retirement benefits. Local businesses involved in financial planning, accounting, and legal services may find opportunities related to the administration and interpretation of these pension plan rules.