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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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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
5/18/2021
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RFP No. 21-025 <br />OR kAj EXHIBIT B <br />� o <br />3 z <br />" CaIPERS Investment Return <br />CalPERS Could Outperform Their Return Assumption (7%) and Reduce UAL; Or <br />CalPERS Could Underperform Their Return Assumption and Increase UAL <br />25.0% <br />20.1%39.5% <br />20.0% <br />34.5% 1""15.3% <br />15.0 % 12.5% <br />10.5% <br />10.0% 1 , M <br />5.0% <br />CaIPERS Annual Investment Performance <br />21.7% <br />18.4% <br />13.3% 13.2% <br />11.2% <br />8.6% <br />4.7% <br />2.4% <br />0.0% <br />-5.0% I <br />-10.0% <br />CaIPERS Annual Return <br />-15.0% —CaIPERS Avg. Return =7.79% <br />-20.0% <br />24.0% <br />-25.0% <br />9� yA �0 gb y1 �4 99 AO Pti Q'� A3 pb �h ab 01 Ob �9 ,y0 1ti tiM1- ,y9 Sp ,y9 tib tit ,yb ti9 ,y0 <br />1'�9v ti993 ��� S�b, �y9�D 1°j91 199� 1999 1� v�'S 1�,v 1�0 1� bey, ti�b. 1�1 ry�4 v�9, ryo1�, vo�1 ti�1v ti�13 ryola vo�y vo1� 1011 ryo�0 10�9. <br />2.0% <br />3.7% <br />1 <br />19.1% <br />16.6% <br />' 12.35111.8% <br />Pension Refinancing can help avoid an increase of the City's pension debt <br />when CAPERS investment returns are less than the 7% assumption. <br />VUB - <br />
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