June 12, 2026 Firefighters' Pension & Retirement: June 2026
City of Mount Dora
E. Valuation procedures to value any significant plan provisions that are difficult to measure using
June 12, 2026 Firefighters' 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 Firefighters' 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 Firefighters' Pension and Retirement Fund is reviewing its actuarial valuation as of October 1, 2025. This review includes commentary on the Long-Term Discount Rate Obligation (LDROM), which is a market-based measure of pension obligations. The fund is also considering how Chapter 175 revenue will be used as an offset to required contributions, based on a recent collective bargaining agreement. This item is currently under review by the Firefighters' Pension & Retirement board. While no construction is described, this review could lead to future financial planning and contribution adjustments. Local businesses in financial services, accounting, and legal services may find opportunities to support the fund's ongoing management and future planning.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
F. Credited Service
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
G. Compensation
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
H. Average Final Compensation (AFC)
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
I. Normal Retirement
This item concerns planned changes to the normal retirement eligibility and benefit calculations for the City of Mount Dora Firefighters' Pension & Retirement. The plan is to adjust the age and years of service required for retirement, as well as the formula used to calculate benefits. These changes are currently under review. The project would involve actuarial analysis, legal review of the proposed changes, and potentially updating administrative systems and member communications. This early stage presents an opportunity for professional services related to actuarial consulting, legal counsel specializing in public pensions, and administrative support. Engaging now allows businesses to understand the scope and prepare for potential future implementation phases.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
J. Early Retirement
This item concerns a proposed change to the Firefighters' Pension and Retirement plan for the City of Mount Dora. The plan is under review to allow members to elect early retirement at age 45 with 10 years of credited service. The benefit would be reduced by 3.0% for each year before the normal retirement date. This is a planned policy adjustment, not a construction project. The review process is early, meaning potential future impacts are still being determined. No specific contractors, suppliers, or service providers are needed at this stage. Businesses interested in future opportunities related to pension plan administration or financial services should monitor the progress of this review.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
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
K. Delayed Retirement
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
L. Service Connected Disability
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
M. Non-Service Connected Disability
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
N. Death in the Line of Duty
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
O. Other Pre-Retirement Death
This item concerns the City of Mount Dora Firefighters' Pension and Retirement Fund's pre-retirement death benefit rules. The fund is reviewing eligibility and benefit details for members who die before retirement. This review is part of the fund's annual actuarial valuation process. The process involves assessing member service credit and compensation to determine survivor benefits. No construction or development is described in this item. Local businesses that provide actuarial services, financial consulting, or legal services related to pension funds may find this review relevant. Early engagement with the fund could provide insight into potential future needs or changes in their operational requirements.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
P. Post Retirement Death
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
Q. Optional Forms
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
R. Vested Termination
This item concerns the Firefighters' Pension & Retirement plan for the City of Mount Dora. It outlines the rules for vested members who terminate their employment, detailing benefit eligibility after 10 years of service and how benefits are calculated. The plan does not include a Cost of Living Adjustment (COLA). Members with less than 10 years of service will receive a refund of their contributions. This is a review of existing pension plan rules, not a new construction project. Therefore, there is no direct construction work or related services being initiated at this time.
- Board:
- June 12, 2026 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
S. Refunds
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
T. Member Contributions
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
U. Employer Contributions
June 12, 2026 Firefighters' 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 Firefighters' Pension & Retirement
- Date:
- 2026-06-12
- Type:
- Agenda_item
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