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Laguna Woods approves $262,828 contribution to CalPERS prefunding trust
Laguna Woods City Council · December 18, 2025
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Summary
Council approved a $262,828 contribution to the California Employers Pension Prefunding Trust (SEPT/SEPPD) to move toward an initial $670,000 funding goal and to reduce future pension pressure on the general fund.
Laguna Woods City Council voted Dec. 17 to contribute $262,828 to the California Employers Pension Prefunding Trust (a CalPERS-managed prefunding vehicle) as part of a multi-year plan to pre‐fund pension obligations.
City Manager Chris explained that the policy sets an initial funding goal of…
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