Join CalPERS trust fund to prepay police retiree health benefits
Resolution 37-18
In Plain English
The city currently pays police retiree health benefits as bills come due each year. This agreement lets the city set aside money now in a state-managed investment fund to cover future costs. If approved, the city can reduce long-term expenses by earning investment returns on prepaid contributions.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
5 to 0
Similar Discussions
5 related items found by meaning
Amend CalPERS contract to make classic safety employees pay 2% more toward retirement
Allow police and fire pension members to transfer to CalPERS
Amend CalPERS contract to allow police and fire pension transfers
Adopt policy for funding retiree health benefits
Approve policy for funding retiree health benefits
The Story So Far
10 prior discussions on this topic
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