Ocala Police Officers' Retirement Fund Board of Trustees Agenda 2026-06-29
HYN Consulting offers bundled police pension admin
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Description
HYN Consulting, LLC proposes to administer the Ocala Police Officers’ Retirement System under a monthly retainer, with discounted pricing when bundled with the general and fire plans. The two-year guaranteed agreement includes comprehensive administrative support, with scheduled fee escalators beginning in year three.
Contract Details
Contract Amount
$2,875.00/month standard rate for Police Officers’ Plan; discounted to $2,731.25/month with two-plan package or $2,587.50/month with three-plan package (Police Officers’ Retirement System component only)
Vendor
HYN CONSULTING LLC
Agency
Ocala Housing Authority, FL
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 29, 2026
Contract Term
Two (2) years guaranteed; 4% annual increase starting in year three and annually thereafter
Renewal Info
Contract guaranteed for two years; starting in the third year, the retainer increases by 4% annually. Combined-service discounts (10% for three plans, 5% for two plans) apply if multiple Ocala plans are concurrently under contract.
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