DATE: May 18, 2022
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
Review and Comment on the Annual City Benefit Liabilities and Funding Plan
RECOMMENDATION
That the Committee reviews and comments on the status of the City’s benefit liabilities and current policies regarding funding the City’s benefit liabilities.
SUMMARY
The City of Hayward actively manages its benefit liabilities and completes actuarial valuations for many of its long-term benefit liabilities. This report provides an overview of the balances and funding status of the City’s benefit liabilities.
ATTACHMENTS
Attachment I Staff Report