Receive presentation comparing 2 pension funding approaches for city retiree costs

Labor & City WorkersBudget

In Plain English

A state audit found Richmond at high risk and recommended the city improve how it funds retiree pensions. The city can either put extra money into a separate trust account or pay CalPERS directly. Advisors will present analysis showing which option saves more money long-term to help the council decide.

Auto-generated summary. Source: official agenda documents.