June 12, 2026 Firefighters' Pension & Retirement
City of Mount Dora
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June 12, 2026 Fire Fighter Pension Board Minutes
The Mount Dora Fire Fighter Pension Board met on June 12, 2026. The board unanimously approved the Actuarial Valuation Report as of October 1, 2025, presented by Jeffrey Amrose of GRS Consulting. They also unanimously approved a list of paid invoices totaling $14,071.25, including payments to Salem Trust, Sugarman & Susskind, and GRS. The meeting included quarterly reports and updates from John Thinnes and legal reports from David Robinson. A reminder was given for the July 1, 2026, deadline for Form 1 filing with the State of Florida. The meeting adjourned at 8:14 AM.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Minutes
- Decision:
- Approved Actuarial Valuation Report and paid invoices
June 12, 2026 Firefighters Pension Board Meeting Packet
[510 North Baker Street, Mount Dora, FL 32757] This document is an agenda for the Firefighters' Pension Board meeting on June 12, 2026, and minutes from the March 20, 2026 meeting. It details financial reports, legal updates, and investment performance reviews. No new development projects or specific contractor work opportunities are mentioned. The agenda includes standard meeting procedures, financial reviews, and informational items like actuarial reports and fund performance. The March minutes confirm the continuation of legal services with Sugarman & Susskind and approval of paid invoices totaling $25,406.00. The document also includes a detailed market environment analysis for Q1 2026 and investment performance data for the Mount Dora Firefighters' Pension Fund. This document is an actuarial valuation report for the City of Mount Dora Firefighters' Pension and Retirement Fund as of October 1, 2025. It details the fund's financial status, funding progress, and determines the employer contribution rate for the fiscal year ending September 30, 2027. The report indicates a funded ratio of 90.3% and an Actuarially Determined Employer Contribution (ADEC) of 18.43% of payroll. Key factors influencing the contribution rate include actuarial experience gains, updated mortality assumptions, and changes in administrative expenses. The report also provides historical data on contributions, asset summaries, and a glossary of actuarial terms. No new construction or development projects are mentioned. This document is an actuarial valuation report for the City of Mount Dora Firefighters' Pension and Retirement Fund as of October 1, 2025. It details the fund's financial status, including its assets, liabilities, contributions, and various actuarial assumptions. The report analyzes risks such as investment, contribution, salary, longevity, and other demographic factors. It also presents plan maturity measures, a low-default-risk obligation measure, and historical data on investment returns and participant data. The report indicates that the fund's Actuarial Accrued Liability (AAL) is $15,385,310 and the Actuarial Value of Assets is $13,893,528, resulting in an Unfunded Actuarial Accrued Liability (UAAL) of $1,491,782. The funded ratio is 90.3%. The Actuarially Determined Contribution (ADC) for the fiscal year ending September 30, 2027, is $711,747, or 26.26% of covered payroll. The report also details changes in actuarial assumptions and methods, and provides historical data on investment performance and contribution requirements. This document is an actuarial valuation report for the City of Mount Dora Firefighters' Pension and Retirement Fund as of October 1, 2025. It details the fund's financial status, including net pension liability, fiduciary net position, covered payroll, and contributions over several fiscal years. The report also outlines the methods and assumptions used in the valuation, such as inflation rates, salary increases, investment rates of return, and mortality tables. It includes detailed breakdowns of active and inactive participant data, age and salary distributions, and a summary of plan provisions like eligibility, retirement benefits, and contributions. The document also contains investment performance reviews for the Galliard Intermediate Core Fund L for the first quarter of 2026, discussing market conditions, economic outlook, and fund performance.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_packet
- Address:
- 510 North Baker Street, Mount Dora, FL 32757
- Applicant:
- City of Mount Dora Firefighters' Pension and Retirement Fund
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