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Board accepts pension actuarial report that shows plan near 90% funded
5511688 · July 31, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Trustees and commissioners accepted a biannual actuarial report that sets employer contributions for FY 2026–27 and reports an overall funded status close to 90 percent.
The pension plan board of trustees accepted the city’s biannual actuarial report and approved the staff recommendation to use the report’s contribution rates for fiscal years 2026 and 2027.
City staff highlighted key findings: the plan’s overall funded…
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