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Fortuna council approves $1.5 million discretionary payment to CalPERS, waives reserve rule for 2025–26
Fortuna City Council · December 1, 2025
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Summary
The Fortuna City Council authorized a $1.5 million supplemental discretionary payment to the CalPERS pension trust to reduce the city’s liability and save interest costs, and waived its 180‑day reserve policy for fiscal year 2025–26 to allow the transfer.
The Fortuna City Council voted Dec. 1 to authorize the city manager to execute a supplemental budget request for a $1,500,000 discretionary payment to the CalPERS pension trust and to waive the city’s 180‑day operating reserve policy for fiscal year 2025–26.
A staff presenter told the council the payment would be taken from…
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