Receive presentation on options to pay CalPERS pension debt

Police & Community SafetyBudgetFinance Department

In Plain English

The city owes money to CalPERS (California Public Employees' Retirement System) for pension benefits promised to current and former employees. Financial advisors will present different strategies for paying down this debt. Cities can either make minimum payments over decades or pay larger amounts upfront to reduce long-term costs.

Auto-generated summary. Source: official agenda documents.