DATE: April 20, 2021
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Informational Report on Annual City Benefit Liabilities and Funding Plan Review
RECOMMENDATION
That the Council accepts this report on the status of the City’s benefit liabilities and current policies regarding funding the City’s benefit liabilities.
SUMMARY
This report provides an update to the City’s benefit liabilities and funding plans. The City actively manages its benefit liabilities and completes actuarial valuations for many of its long-term benefit liabilities on a regular basis. This report provides an overview of the balances and funding status of the City’s benefit liabilities.
ATTACHMENTS
Attachment I Staff Report