Receive report on pension and retirement benefits for city retirees
In Plain English
The city provides pension payments and health insurance to former employees after they retire. This report updates the council on how much the city pays annually for these benefits and the total amount owed to current and future retirees. These costs affect the city's budget and long-term financial planning.
Auto-generated summary. Source: official agenda documents.
Related agenda records
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Fiscal Year 2020-21 Other Post-Employment Benefits (OPEB) Funding Policy
Resolution approving Other Post-Employment Benefits (OPEB) funding policy
Resolution approving Other Post-Employment Benefits (OPEB) funding policy
Three percent annual cost of living increase for General Pension Fund recipients
Update on City's Pension Obligation bonds