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10-10-2018 FIN RPT 01
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10-10-2018 FIN AGENDA
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\City Council Standing Committees\Finance Committee\FIN AGENDAS\2018 AGENDAS
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Challenge will be addressed. The CalPERS 101: How Does it Work attachment provides a <br />comprehensive overview of the CalPERS Issue. <br />FISCAL IMPACT: <br />There is no direct fiscal impact associated with presentation of this report. The City's five-year <br />projections on CaIPERS costs have been included in the City's Adopted FY 2018-2020 Two -Year <br />Budget and FY 2018-2023 Five -Year Plan assumptions. <br />Prepared by: Edward Enriquez, Acting Chief Financial Officer / City Treasurer <br />Certified as to <br />availability of funds: Marie Ricci, Assistant Chief Financial Officer <br />Approved by: Lea Deesing, Assistant City Manager <br />Approved as to form: Gary G. Geuss, City Attorney <br />Attachments: <br />1. CalPERS 101: How Does it Work <br />2. Historic Rates of Return <br />3. CalPERS Experience Study 2017 <br />4. CalPERS Actuarial Circular Letter 042618 <br />5. CalPERS Summary of Valuation 063017 <br />6. Presentation <br />Page 4 <br />
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