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Board extends Foster & Foster CPI escalator for three years
Indian River Shores Police & Firefighters Pension Board of Trustees · July 29, 2026
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Summary
Trustees approved another three-year CPI escalator for the actuary's fees (Foster & Foster); trustees asked that future fee adjustments be revisited with full board participation.
Trustees voted to extend a CPI-based fee escalator for Foster & Foster for three years. Doug (speaker 8) requested a renewal after a prior three-year CPI period expired; Chair moved to extend the CPI escalator for another three years and trustees approved the motion.
Trustees also discussed timing for any future CPI adjustments and suggested reviewing fee implications with the full board present, especially given turnover among trustees.
