Join CalPERS trust fund to prepay police retiree health benefits
Labor & City WorkersPersonnelResolution
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
Motion · Official minutes
Approve consent calendar
Passed
5 aye · 0 nay · 2 absent
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