175 Pension Plan Amendment
Greater Naples Fire Rescue District, Collier County, Florida
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The Greater Naples Fire Rescue District Board of Fire Commissioners adopted Resolution 2024-03 on February 20, 2024, to amend the firefighters' pension plan. The resolution increases retirement benefits and enhances DROP (Deferred Retirement Option Plan) features to align with recent state law changes. Key changes include: extending the maximum DROP participation period from 60 to 96 months, increasing the DROP interest rate from 1...
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