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Punta Gorda pension board signs $5,000 monthly retainer for administrator and outlines member portal outreach
Summary
Trustees approved a contract addendum locking in a $5,000/month retainer for plan administration through Oct. 1, 2026 (with CPI adjustments thereafter), and staff reported 52 portal users and 82 benefit‑estimate runs since the portal launched Nov. 3, with trustees agreeing to monthly reminders and workshops to boost registration.
The City of Punta Gorda General Employees Retirement System approved an amended contract with its administrator to set a $5,000 monthly retainer and discussed a member‑facing portal roll‑out and outreach plan.
Chrissy, the plan staff member who presented the addendum, said invoices have been at $5,000 per month since Jan. 1, 2025 and that the retainer was proposed after the firm reexamined fees in light of increased plan activity following the plan reopening. "The invoices, as…
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