APOPKA, Fla. — Pensions in the City of Apopka are being adjusted for many retirees due to a change in calculation methodology.
Empower, the company managing the pensions, announced that the adjustments are not the result of miscalculations but stem from a change in how a retiree’s average monthly earnings are determined, shifting from average annual earnings.
These changes affect 106 retirees, with 42 experiencing a decrease in their pensions and 64 seeing an increase.
The city is currently working to notify all individuals impacted by these adjustments.
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