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
Meet privately with union negotiators to discuss employee contracts
Meet privately with union representatives to discuss employee contracts
Approve new 3-year contract with firefighters union covering wages and benefits
Approve hiring temporary fire department supervisors and add other city positions
Receive presentation on Rent Board staffing levels and recruitment
Setting Tax Rate for the Pension Tax Override Fund for Fiscal Year 2026-27
Annual Public Hearing on Vacancies
Hold closed-session meeting to discuss contract negotiations with 6 employee unions
Receive 4 February financial reports on investments, overtime costs, property taxes, and retirement benefits
Receive monthly financial reports for January 2026