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General Employees Pension Fund
The City requires all general regular full-time employees to participate in the Pension Fund. The City makes a contribution to the Pension Fund in accordance with the requirements identified in the actuarial valuation, and employees are required to contribute 7% of their pay into the plan. Employees become vested when they have completed 5 years of continuous service. The Pension Plan provides benefits upon retirement, and includes provisions for disability benefits.
Reporting Information
General Information | 2014 | 2015 | 2016 | 2017 | 2018
Division of Retirement Fact Sheet
Summary Plan Description Addendum (Financial and Actuarial)
Comprehensive Annual Financial Report (CAFR) including Pension Financials
Actuarial Valuation as of October 1, 2014
Florida Statutes Section 112.664 Required Reporting
Comprehensive Annual Financial Report (CAFR) including Pension Financials
Actuarial Valuation as of October 1, 2015
Florida Statutes Section 112.664 Required Reporting
Actuarial Valuation as of October 1, 2014 GASB 67/68 Supplement as of September 30, 2015
Comprehensive Annual Financial Report (CAFR) including Pension Financials
Actuarial Valuation as of October 1, 2016
Florida Statutes Section 112.664 Required Reporting
Actuarial Valuation as of October 1, 2015 GASB 67/68 Supplement as of September 30, 2016
Comprehensive Annual Financial Report (CAFR) including Pension Financials
Actuarial Valuation as of October 1, 2017
Florida Statutes Section 112.664 Required Reporting
Actuarial Valuation as of October 1, 2016 GASB 67/68 Supplement as of September 30, 2017
Comprehensive Annual Financial Report (CAFR) including Pension Financials