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Calabasas receives CalPERS actuarial cost analysis for two‑year retirement incentive; council to act in two weeks
Summary
Finance staff presented a CalPERS actuarial analysis showing a $2.9 million liability if all 26 eligible employees accepted a two‑year service retirement incentive; staff estimated actual participation and cost are likely lower (about $800,000–$900,000) and the council received and filed the report for a vote at the next meeting.
Ron Ahlers of the finance department briefed the council on a CalPERS actuarial cost analysis related to offering a two‑year service retirement incentive to eligible employees. Ahlers said the actuarial assumption that all 26 eligible employees would accept produced a $2,900,000…
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