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Council adopts updated PSPRS pension funding policy; funding ratio improved to 98.6%
3666922 · June 4, 2025
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Summary
The council approved Resolution R25-20 adopting the town’s revised PSPRS pension funding policy based on the June 30, 2024 actuarial report; the town reported its funding ratio rose from 95% to 98.6% and expects to exceed 100% by fiscal year-end if investment returns remain positive.
The Town Council approved Resolution R25-20 on June 4 adopting a revised pension funding policy for the Public Safety Personnel Retirement System (PSPRS) for the fiscal year ending June 30, 2026. Councilmember Raab seconded the motion and the resolution…
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