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The board approved the proposed 2025–2026 pension budget and updated Summary Plan Description, while authorizing an ordinance update to restore deleted plan provisions. The fund held $12,792,932 in assets as of June 30, 2025, with a 6.73% quarterly net return.
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The approved budget supports administration of the Town of Lady Lake police pension plan for the 2025–2026 period. The updated plan description is intended to clarify current benefits, and the plan attorney will draft an ordinance addressing provisions that were deleted from existing ordinances. The board also canceled a remaining real estate redemption request after reviewing positive real estate performance.
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