Trustees of the Town of Indian River Shores pension plan voted to table action on a proposed five‑year experience study and asked the plan actuary to present results and rate‑scenario options at the next quarterly meeting.

The experience study is a routine actuarial review that compares assumptions used in pension valuations—such as the assumed rate of return, salary growth, mortality and retirement patterns—against actual plan experience since the last study. Staff and trustees said the actuary, who discussed the scope at a prior meeting but was not present for this session, should return with a full valuation and a set of options that show the dollar impact of any assumption changes.

Staff explained the actuary’s role: gather membership and payroll data since the last study, test assumptions (mortality, salary changes, retirements, disability incidence), and present recommendations with estimated cost impacts. Trustees noted that the prior discussion included a question about the assumed rate of return and that the actuary typically presents alternative scenarios (for example, 6.75% vs. 6.50%) and the resulting contribution effects.

Because several trustees had not reviewed the presentation materials and the actuary was unavailable to answer technical questions, one trustee moved to table the item and another seconded the motion. The board carried the motion by voice vote and instructed staff to arrange for the actuary to attend the next meeting and to redistribute the experience‑study materials to trustees beforehand.

The board recorded no formal change to the plan’s assumptions at this meeting; the requested study and any potential change to the assumed rate of return will be considered only after the actuary’s full presentation and once trustees have had time to review the documented analyses.

The board’s next regular meeting is scheduled for Jan. 27, 2026, when staff hopes the actuary will attend to present the full experience study and the trustees can take a formal vote.