Police Officers' Pension Board 6/18/2026

The City of Punta Gorda Police Officers' Pension Board held a meeting on June 18, 2026, primarily focused on administrative updates, policy revisions, and investment performance reviews. Key procurement-related discussions included the adoption of an artificial intelligence (AI) policy to be incorporated into future vendor contracts, ensuring that any AI-generated information presented to the board undergoes human review. The board also reviewed updates to operating rules to align with new laws and regulations, including provisions related to overpayment collections and investment management under Florida law. Investment performance was discussed, noting a portfolio value increase to nearly $33.8 million with a one-year return outperforming benchmarks. The board deferred action on cost of living adjustments (COLA) pending further actuarial studies and city negotiations. No new contracts or vendor selections were approved during this meeting, but policy decisions such as the AI usage guidelines could influence future procurement and vendor agreements.