June 12, 2026 Police Officers' Pension & Retirement: junio de 2026
City of Mount Dora
D. Type of Plan
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
E. Eligibility Requirements
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
E. Valuation procedures to value any significant plan provisions that are difficult to measure using
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
F. Commentary to help the intended user understand the significance of the LDROM with respect to the
The City of Mount Dora Police Officers' Pension and Retirement Fund is undergoing an actuarial valuation as of October 1, 2025. This process includes a market-based measurement of the pension obligation, known as the LDROM, which estimates the investment needed in low-risk securities to ensure benefit payments. The city may use the full amount of Chapter 185 revenue as an offset to required contributions, based on a recent agreement. This item is currently under review as part of the fund's annual valuation process. The work involves actuarial analysis and financial assessment, with potential implications for future contribution requirements and the security of participant benefits. Local businesses in financial consulting, accounting, and legal services may find opportunities related to the ongoing management and assessment of the pension fund.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
F. Credited Service
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.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
G. Compensation
This item concerns the calculation of pensionable compensation for police officers in the City of Mount Dora. Specifically, it addresses how payments for unused leave earned before and after March 6, 2012, are handled. It also sets a limit of 300 hours per year for overtime that counts towards pensionable compensation, effective March 6, 2012. This is a policy review and clarification, not a construction project. Therefore, there are no direct construction or trade opportunities at this time. Businesses that provide legal services or consulting related to public employee pensions and retirement plans may find this information relevant for advisory purposes.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
H. Average Final Compensation (AFC)
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
I. Normal Retirement
This item concerns the Police Officers' Pension & Retirement plan for the City of Mount Dora. It outlines the eligibility requirements for normal retirement, including age and years of credited service. The benefit calculation is based on a percentage of Average Final Compensation (AFC) multiplied by credited service. The plan offers a '10 Years Certain and Life thereafter' as the normal form of benefit, with other options available. There is no Cost of Living Adjustment (COLA) included in this plan. This is a policy review item, not a construction project, and therefore does not directly create opportunities for contractors, trades, or suppliers in the construction sector. Local businesses should monitor future pension board actions for potential impacts or opportunities.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
J. Early Retirement
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
June 12, 2026 Police Pension Board Meeting Packet
[510 North Baker Street, Mount Dora, FL 32757] This document is an agenda and minutes for the City of Mount Dora Police Pension Board meetings, primarily focusing on financial reports, actuarial valuations, legal updates, and administrative items. It details past meeting minutes from March 20, 2026, and the agenda for the June 12, 2026 meeting. Key actions included approving disability retirement for Officer Kevin Brubaker and continuing legal services with Sugarman & Susskind with a 25% discount. The document also includes extensive market environment and investment performance reports for the quarter ending March 31, 2026, detailing asset allocation, fund performance, and market index data. No specific construction projects or development opportunities are mentioned. This document is an actuarial valuation report for the City of Mount Dora Police Officers' Pension and Retirement Fund as of October 1, 2025. It determines the employer contribution rate for the fiscal year ending September 30, 2027, and provides actuarial information for GASB Statement No. 67 for the fiscal year ending September 30, 2025. The report indicates a net actuarial gain of $1,239,337 since the last valuation. The required employer contribution for the fiscal year ending September 30, 2027, is $387,407 (10.32% of covered payroll), a decrease from the previous year. The assumed credit for state contribution is $228,548. The report notes that if the actual state payment falls below this amount, the City must increase its contribution. Mortality tables were updated to reflect the Florida Retirement System (FRS) assumptions, which increased the required employer contribution by 2.11% of payroll. The report states that the contribution rate is reasonable and consistent with the System accumulating adequate assets to make benefit payments. This document is an actuarial valuation report for the City of Mount Dora Police Officers’ Pension and Retirement Fund as of October 1, 2025. It details the fund's financial status, actuarial assumptions, and projected contributions. The report indicates a funded ratio of 103.3% for the year, an increase from 99.3% in the previous year. The required employer contribution rate is projected to be 10.32% of payroll starting October 1, 2026. The report also analyzes various risks associated with measuring the accrued liability and actuarially determined contributions, including investment risk, contribution risk, salary and payroll risk, longevity risk, and other demographic risks. It provides detailed participant data, historical valuation results, and a summary of actuarial assumptions and methods. The document does not contain information about specific construction projects, addresses, or development opportunities. This document is an actuarial valuation report for the City of Mount Dora Police Officers’ Pension and Retirement Fund for the valuation date of October 1, 2024, with a measurement date of September 30, 2025. It details the fund's financial status, including net pension liability, fiduciary net position, contributions, and actuarial assumptions. The report does not contain information about specific construction projects, development opportunities, or contractor solicitations. It focuses solely on the financial health and projections of the pension fund.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_packet
- Address:
- 510 North Baker Street, Mount Dora, FL 32757
- Applicant:
- City of Mount Dora Police Pension Board
June 12, 2026 Police Pension Board Minutes
The Mount Dora Police Pension Board met on June 12, 2026. They approved the March 20, 2026 minutes and appointed Jack Andreano as the new Chairperson. The board also reviewed and approved an Actuarial Valuation Report as of October 1, 2025, presented by Jeffrey Amrose of GRS Consulting. Legal reports and updates were provided by David Robinson of Sugarman & Susskind, including a recommendation for Kemeny Offset for which no action was needed. Paid invoices totaling $20,959.45 to Salem Trust, Sugarman & Susskind, and GRS were approved. A reminder was given for Form 1 filing due July 1, 2026.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Minutes
- Decision:
- Approved minutes, appointed Chairperson, approved Actuarial Valuation Report, approved paid invoices.
K. Delayed Retirement
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
L. Service Connected Disability
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
M. Non-Service Connected Disability
This item concerns the eligibility and benefit structure for non-service connected disability for police officers. It outlines that members with at least six years of credited service who become permanently disabled and unable to perform their duties are eligible for a disability benefit. The benefit is calculated based on their accrued normal retirement benefit at the time of disability, with a minimum of 25% of their Average Final Compensation. This is currently under review by the City of Mount Dora Police Officers' Pension & Retirement board. While no construction is involved, this review could lead to future policy changes affecting pension fund management and related financial services. Local financial advisors, insurance providers, and legal counsel specializing in public pension funds may find it beneficial to monitor this process as it develops.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
N. Death in the Line of Duty
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
O. Other Pre-Retirement Death
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.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
P. Post Retirement Death
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
Q. Optional Forms
This item concerns the City of Mount Dora's Police Officers' Pension & Retirement board and their upcoming meeting on June 12, 2026. The board will discuss optional forms of retirement benefits for retirees. These options include a Single Life Annuity, various Joint and Survivor options (50%, 66 2/3%, 75%, and 100%), and a Social Security option for those retiring before Social Security eligibility. This is a review of benefit structures and does not involve new construction or development. Therefore, there is no direct project scope of work for contractors, trades, or suppliers at this time. Local businesses should monitor future pension and retirement board actions for potential opportunities.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
R. Vested Termination
This item concerns the Police Officers' Pension & Retirement plan for the City of Mount Dora. It outlines the rules for vested terminations, detailing that members earn a non-forfeitable right to benefits after 6 years of service. The benefit amount is the accrued Normal Retirement Benefit at termination, payable at the Normal Retirement date, with an option for an early retirement benefit after age 50. Members with less than 6 years of service will receive a refund of their contributions with interest. This is a review of existing pension plan rules and does not involve new construction or development. Therefore, there is no direct construction work or related trades opportunity at this time. Local contractors, trades, suppliers, and service providers should monitor future city agendas for potential development projects.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
S. Refunds
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
a. Motion for Linda Boklan’s Resignation. March 20, 2026 will be Chairperson Linda
June 12, 2026 Police Officers' Pension & Retirement listed this item on its agenda for 2026-06-12 in City of Mount Dora. The posted record gives the item title and nothing else, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official agenda link above and watch for the fuller write-up the body posts as the meeting gets closer.
- Board:
- June 12, 2026 Police Officers' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
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