DATE: April 3, 2018
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Title
Annual City Benefit Liabilities and Funding Plan Review
End
RECOMMENDATION
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.
End
SUMMARY
This report provides an update to the City’s benefit liabilities and funding plans. The City actively manages its benefits and liabilities, and regularly completes actuarial valuations for benefit liabilities. This report includes a summary of each benefit liability, current annual costs, unfunded liabilities, and funding plans.
ATTACHMENTS
Attachment I Staff Report