Overview
The Police Officers and Firefighters Pension Trust Fund Pension Board recommends City Code revisions concerning pension policy matters to the City Council and meets at least once each quarter. The Board retains professional firms for legal, actuarial, custodial, investment management and consultative services.
The Board consists of:
- 2 City residents appointed by the City Council (preferably a banker and a certified public accountant (CPA))
- 2 representatives each from the Fire Department and Police Department elected by members of each department
- Fire Chief or appointee and Police Chief or appointee
- City Finance Director
Agendas & Minutes
Agendas are available prior to the meetings. Minutes are available following approval.
View Most Recent Agendas and Minutes
POLICE OFFICERS’ & FIREFIGHTERS’ PENSION TRUST FUND – ANNUAL REPORT OF INVESTMENT ACTIVITY
City of Maitland Police Officers' & Firefighters' Pension Trust Fund
October 1, 2022-September 30, 2023 Proposed Budget
Expenditure Type
| Budget Amount
|
Actuary
| $32,000
|
Administrator
| $24,000
|
Attorney
| $30,000
|
Custodian of Funds
| $22,000
|
IME Physician Fees
| $6,000
|
Insurance
| $10,000
|
School, Travel and Dues
| $20,000
|
Investment Consultant
| $40,000
|
Miscellaneous
| $2,000
|
Total
| $186,000
|
City of Maitland Police Officers' & Firefighters' Pension Trust Fund
Oct 2021- Sept 2022 budget to actual
Expenditure Type
| 2021-2022 Proposed Budget Amount
| Actual Expenses as of September 30, 2022 |
Actuary
| $32,000
| $27,446 |
Administrator
| $24,000
| $22,650.96 |
Attorney
| $30,000
| $22,069.42 |
Custodian of Funds
| $22,000
| $19,427.11 |
IME Physician Fees
| $6,000
| $2,500.00 |
Fiduciary Insurance
| $5,000
| $6,273.00 |
School, Travel and Dues
| $20,000
| $6,405.70 |
Investment Consultant
| $35,000
| $35,000 |
Miscellaneous
| $2,000
| $257.24 |
Total
| $176,000
| $142,049.91 |