Largo actuarial valuation shows pension funded ratio at 78.8%; required employer contribution to rise about $500,000 for FY26

City of Largo staff on Tuesday presented the Police and Firefighters Pension Plan actuarial valuation dated Oct. 1, 2024, reporting a modest improvement in funding ratio and a higher employer contribution requirement for the upcoming fiscal year.

The presenter stated: “As of the date of this report, there were 283 active members and 259 retirees and drop members.” The valuation uses a 6.5% assumed investment return, a 2.5% inflation assumption, and a 20‑year amortization period for unfunded liabilities. The actuarial funding level was reported at 78.8%, up from 77.1% the prior year.

Why it matters: staff said the pension’s required employer…