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Council approves up to $2,000 for actuarial study on town police pension options

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Lake Clarke Shores council authorized up to $2,000 for an actuarial study to estimate costs of starting a town police defined-benefit pension plan and to provide retirement-cost projections for current officers.

Town Manager Joe (presenting) asked the council to fund an actuarial study to analyze retirement options for the town’s public-safety employees. Council approved the request 5-0 on March 11.

Staff said the town currently contributes…

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