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Item 23 - Pension Debt Refinancing Update and Underwriter Selection
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Item 23 - Pension Debt Refinancing Update and Underwriter Selection
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4/9/2024 4:32:45 PM
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8/21/2023 4:38:50 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
5/18/2021
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RFP No. 21-025 <br />EXHIBIT B <br />Consider Pension Debt Refinancing and Policy <br />February 2, 2021 <br />Page 4 <br />30% <br />20% <br />10% <br />0% <br />-10% <br />-20% <br />-30% <br />CaiPERS Returns - Actual vs. Assumption <br />_e tip tip ti-f ti ti ti ti tiY 11�y ti ti ti ti ti ti _0111 ti ti <br />Actual Assumption <br />The following chart summarizes the City's contributions over the last three (3) years, the <br />budget for the current year, and the CalPERS projections for the next six (6) years. <br />CalPERS projections used for this chart do not factor in the 4.7% investment return for <br />the year ended June 30, 2020. <br />Ca! P ERS Contributions in Dollars <br />$90,000,000 <br />$80,000,000 <br />$70,000,000 <br />$60,000,000 <br />$50,000,000 <br />$40,000,000 <br />$30,000,000 <br />$20,000,000 <br />$10,000,000 <br />oll ti� ti� ti° titi titi ti� ti°` tih ti� ti� <br />0 Misc Normal Cast 0 Safety Normal Cast 0 Misc Liability Payment 0 Safety Liability Payment <br />
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