O. Other Pre-Retirement Death

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

This item concerns the City of Mount Dora Police Officers' Pension and Retirement Fund's pre-retirement death benefit policy. The policy outlines survivor benefits for members with six or more years of service, providing them with the member's accrued normal retirement benefit. For members with less than six years of service, beneficiaries will receive a refund of accumulated contributions with interest. This policy is currently under review as part of the October 1, 2025, Annual Actuarial Valuation. The review process may involve actuarial analysis and policy adjustments. Local businesses specializing in actuarial services, legal counsel related to pension funds, and administrative support services could find opportunities related to this ongoing review.