DATE: October 20, 2021
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
CalPERS Update
End
RECOMMENDATION
That the Committee review and comment on the CalPERS Update.
SUMMARY
This report provides a review of the June 30, 2020, CalPERS Actuarial Valuation Report, and includes projected future fiscal impacts associated with the changes the CalPERS’ Board of Directors is considering related to the assumed discount rate from 7.0 percent potentially to a rate at or between 6.8 percent and 6.375 percent.
ATTACHMENTS
Attachment I Staff Report
Attachment II Hayward Pension Funding Presentation