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City of Boca Raton Retirement Systems
2333 Glades Road
Boca Raton, FL 33431 Map
Phone: (561) 544-8520
Fax: (561) 392-1254


The City of Boca Raton Retirement Systems manages two single employer defined benefit plans:

  • General Employees' Pension Plan
  • Police & Firefighters' Retirement System

Defined Benefit Plan
A defined benefit plan (DB plan) is a pension plan in which the employer promises a specific monthly benefit at retirement. The benefit is a monthly payment at a guaranteed fixed amount for life. The benefit amount is based on the employee's earnings history and service years.

Benefits include normal, early, disability, death, vested, termination refund, and Deferred Retirement Option Plan (DROP).

A defined benefit plan assets are held in trust and the plan is primarily funded by investment returns. The investment risk is assumed by the employer. A defined benefit plan is further funded by employee contributions as a percent of payroll and the employer contributions as actuarially determined.

Administration
The defined benefit plans are component units of the City:

  • Exist for the benefit of the City
  • Pension Trust fund in the City's Comprehensive Annual Financial Report
  • Separate Boards and staff
    • Each plan has a separate eight member board
    • Pension staff serves both boards, administrative costs are shared

Contact Information
Pension Administration

(561) 544-8520
Linda Stein, Pension Assistant - lstein@myboca.us
Lenworth Codner, Pension Accountant - lcodner@myboca.us
Nadine Josephs, Interim Plan Administrator - njosephs@myboca.us

Investment Management
The Board of Trustees has engaged outside investment professionals to manage the assets of the plans. The investment managers buy and sell securities on behalf of the plan. The investment consultant is utilized to ensure compliance with the
investment policy including asset allocations. The consultant also assists with the manager selection and monitoring processes. The investment custodian is responsible for the safekeeping of the assets.

Department of Management Services


General Employees:

The City of Boca Raton General Employees' Pension Plan is a single-employer defined benefit plan administered by an eight member Board of Trustees which covers regular full-time City of Boca Raton, Florida employees except police officers, firefighters, executive management employees and employees in the defined contribution plan. The Plan was established by Ordinance No. 1806, adopted April 17, 1973, by City Council. The Plan is also governed by Chapter 112, Florida Statutes.

The Plan is divided into three levels of benefit, Plan A, Plan B, Plan C (based on an employees hire date)

  • Plan A - Hired prior to October 1, 1987
  • Plan B - Hired from October 1, 1987 to October 31, 2007, or Transferred from Plan A
  • Plan C - Hired on or after November 1, 2007 or Transferred from Plan A or B

Board of Trustees
The pension board has four members elected by employee membership and four members appointed by the City Council. Each Trustee serves a three year term:

  • John Reilly, Chairman - Elected
  • Carol Himes, Vice Chair - Appointed
  • Ella Moore-Poitier - Elected
  • Lewis Duberman - Appointed
  • Nicole Gasparri - Appointed
  • Suzy Pearl - Elected
  • Lewis Sarrica - Appointed
  • Janice Vassell - Elected

Monthly Meetings

Contributions and Funding Policy (effective 10/22/2010):

  • Plan A - 9.65% of their compensation
  • Plan B - 9.65% of their compensation
  • Plan C - 6.00% of their compensation

Pension Benefits:

  Normal Retirement:
  Early Retirement:
  Disability Retirement:
  Preretirement Death Benefit:
  Vested Benefit:
  Termination Refunds:
  Deferred Retirement Option Plan:
  Cost-of-Living Adjustment:

Benefit Estimator:
Utilize this on-line system to estimate your pension benefits. Contact the pension office if you need assistance establishing your secure pin number and password .

DROP Account:
Utilize this on-line system to view your DROP account acitivities. Contact the pension office if you need assistance establishing your secure pin number and password.

Benefit Payments
Utilize this on-line system to view your benefit payments. Contact the pension office if you need assistance establishing your secure pin number and password.

Summary Plan Description:
Utilize this link to view the Summary Plan Description for a detailed discussion of the plan provisions.

Boca Raton Code of Ordinances:
Utilize this link to view Chapter 12 Pensions & Retirement, Article III General Employees' Pensions

Florida Statutes:
Utilize this link to view Chapter 112, Florida Statutes


Police/Firefighters:

The City of Boca Raton Police and Firefighters’ Retirement System is a single-employer defined benefit plan administered by an eight member Board of Trustees which covers all City of Boca Raton, Florida police officers and firefighters. The Plan was established by Ordinance 1806, adopted April 17, 1973, by City Council. The Plan is also governed by Chapters 112, 175 and 185, Florida Statutes.

Board of Trustees
The pension board has four members selected by employee membership and four members appointed by the City Council. Each Trustee serves a two year term:

  • Chris Somers, Chairman, Elected - Police
  • Lee Sommer, Vice Chairman, Elected - Police
  • John Girard, Secretary, Appointed
  • David Birkman, Appointed
  • Paul Lawless, Appointed
  • Richard Johnson, Appointed
  • Jeff Ross, Elected - Fire
  • Matthew Welhalf, Elected - Fire

Monthly Meetings

Contributions and Funding Policy (effective 10/26/2010):
Contributions required from contributory police and firefighter members are at a rate of 10.2% of compensation.

Pension Benefits:

  Normal Retirement:
  Early Retirement:
  Disability Retirement:
  Preretirement Death Benefit:
  Termination Refunds:
  Deferred Retirement Option Plan:
  Cost-of-Living Adjustment:

Benefit Estimator:
Utilize this on-line system to estimate your pension benefits. Contact the pension office to receive your password and secure pin number.

DROP Account:
Utilize this on-line system to view your DROP account acitivities. Contact the pension office to receive your password and secure pin number.

Benefit Payments
Utilize this on-line system to view your benefit payments.  Contact the pension office to receive your password and secure pin number.

Summary Plan Description:
Utilize this link to view the Summary Plan Description for a detailed discussion of the plan provisions.
Summary Plan Description - Firefighters' Pension Plan
Summary Plan Description - Police Officers' Pension Plan

Boca Raton Code of Ordinances:
Utilize this link to view Chapter 12 Pensions & Retirement, Article IV Pension Plan for Police and Firefighters

Florida Statutes:
Utilize this link to view Chapter 112 Chapter 175 and Chapter 185, Florida Statutes

Florida Municipal Police & Fire Retirement:
Utilize this link to view the website for the Municipal Police Officers and Firefighters' Retirement Trust Fund office, a section of the State of Florida Division of Retirement