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FUTURE PENSION COSTS SET - <br />ASIDE <br />Recent Deposits: <br />•$2 million approved in December (“Year -End Results”) <br />•$1 million approved in March (“Midyear Update”) <br />•Limited capacity for further deposits starting in FY25 -26 <br />Setting aside these funds helps earn interest and ensures money is available for <br />future pension cost increases when CalPERS falls below its 6.8% investment target <br />Shall staff set aside another $1 million or more in FY25 -26? <br />22