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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 | 2019
Division of Retirement Fact Sheet
Summary Plan Description Addendum (Financial and Actuarial)
Florida Statutes Section 112.664 Required Reporting FY19