7. Pension Plans (continued)

Board of County Commissioners Meeting · 2026-04-14 · agenda_item

This notice concerns the Florida Retirement System Pension Plan, a defined benefit plan for eligible employees. The plan includes various membership classes such as Regular, Elected County Officers, Senior Management Service, and Special Risk. Vesting and retirement eligibility depend on years of service and enrollment dates, with specific provisions for special risk members and military service credit. The plan offers retirement, disability, and death benefits, with cost-of-living adjustments for certain members. This item is currently under review by the Board of County Commissioners. While no direct construction is described, the ongoing management and administration of such a plan may involve financial services, legal counsel, and administrative support. Businesses specializing in financial planning, actuarial services, and government administration support may find opportunities to engage with the county as this item progresses through its review process.