3. Doug Lozen advised the plans funded ratio increased to 83.33%.
Board of Trustees of the Fire and Police Pension · 2026-05-14 · agenda_item
This item concerns the Board of Trustees of the Fire and Police Pension, City of Fernandina Beach, Nassau. The Board approved the October 1, 2025, actuarial valuation report. They also voted to set the plan's declaration of returns at 7.40% for the upcoming year and beyond. This is a procedural approval of financial reports and investment return rates. No construction or development is described in this item. Therefore, there are no immediate opportunities for contractors, trades, suppliers, or service providers at this time.
- funded ratio
- 83.33 %
- valuation report date
- October 1, 2025
- declaration of returns
- 7.40 %
- vote count
- 5 0
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