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The board approved its FY 2025-2026 administrative budget, authorized a new bank and credit card setup, denied one member’s request to change his retirement status, and moved forward with a new early retirement and several pension administration updates.
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The board approved the spending plan for running the police pension fund next year and agreed to move the office’s credit card and bank account to Bank United because of problems with the current card. It also denied Calvin King’s request to change his retirement from normal retirement to line-of-duty disability retirement, so his pension status will stay the same. The board approved Robert Vega’s early retirement effective June 1, 2025, and received an update that the 2024 state insurance tax distribution was $3,204,484.71, which was $433,942.99 more than the prior year.
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