A. POL

City Commission · 2026-05-13 · agenda_item

The City of Winter Park is reviewing its Police Officers’ (PPP) and Firefighters’ (FPP) Pension Plans. These are defined benefit plans managed as Pension Trust Funds. The plans use the accrual basis of accounting and are funded through employer and participant contributions, as well as insurance premium surcharges. The review includes actuarial valuations and financial reporting for these plans. This item is currently under review by the City Commission. The ongoing management and potential adjustments to these pension plans may involve actuarial services, financial consulting, and investment management. Businesses specializing in financial services, actuarial science, and investment consulting are encouraged to engage with the City early in this review process to understand potential future needs before specific plans or contracts are finalized.

Police Pension Required Reserves

79,414,880 $

Firefighter Pension Required Reserves

83,319,656 $

Police Pension Contributions Made

3,124,471 $

Firefighter Pension Contributions Made

2,583,546 $

Police Pension Payroll

7,878,491 $

Firefighter Pension Payroll

6,115,925 $

Police Pension Net Pension Liability

11,074,782 $

Firefighter Pension Net Pension Liability

8,191,593 $

Police Pension Total Pension Liability

84,467,827 $

Firefighter Pension Total Pension Liability

84,642,978 $

Police Pension Fiduciary Net Position

73,393,045 $

Firefighter Pension Fiduciary Net Position

76,451,385 $

Police Pension DROP Account Balance

94,451 $

Firefighter Pension DROP Account Balance

3,089,703 $

Police Pension Deferred Outflows

4,627,088 $

Firefighter Pension Deferred Outflows

4,908,106 $

Police Pension Deferred Inflows

1,617,844 $

Firefighter Pension Deferred Inflows

1,838,210 $

Police Pension Total Deferred Outflows/Inflows

9,535,194 $

Police Pension 1% Decrease Discount Rate Net Pension Liability

21,997,775 $

Firefighter Pension 1% Decrease Discount Rate Net Pension Liability

18,759,268 $

Police Pension 1% Increase Discount Rate Net Pension Liability

2,068,758 $

Firefighter Pension 1% Increase Discount Rate Net Pension Liability

-506,973 $