Pension Obligation Information 

Current ReportsThe CalPERS Valuation Reports include the actuarially determined minimum required employer contributions.  This includes the employer's Normal Cost Rate, which is the percentage applied to pensionable earnings; and the annual unfunded accrued liability (UAL) payment.  The information included in the Annual Valuation Report as of June 30, 2021 reflects the minimum required employer contributions for Fiscal Year 2023-24.

CalPERS Valuation Reports as of June 30, 2021:

• Classic Miscellaneous Employees
• Classic Safety Employees
• PEPRA Miscellaneous Employees
• PEPRA Safety Employees

Archived Reports

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Pension Information21 documents

CalPERS Valuation Reports as of June 30 20204 documents

• Actuarial Valuation Report - PEPRA Safety - June 30, 2020
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• Actuarial Valuation Report - PEPRA Misc- June 30, 2020
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• Actuarial Valuation Report - Safety - June 30, 2020
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• Actuarial Valuation Report - Misc- June 30, 2020
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CalPERS Valuation Reports as of June 30 20194 documents

• Classic Miscellaneous Employees
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• Classic Safety Employees
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• PEPRA Miscellaneous Employees
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• PEPRA Safety Employees
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CalPERS Valuation Reports as of June 30 20184 documents

• Classic Miscellaneous Employees
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• Classic Safety Employees
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• PEPRA Miscellaneous Employees
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• PEPRA Safety Employees
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CalPERS Valuation Reports as of June 30, 20174 documents

• Classic Miscellaneous Employees
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• Classic Safety Employees
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• PEPRA Miscellaneous Employees
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• PEPRA Safety Employees
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Other Useful Pension Information5 documents

• The Five Year Forecast shows the Pension Obligation Bond payment (debt amounts) for the next five years. The forecast also shows the annual payments to CalPERS for unfunded liability for the same periods.
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• Page 5 of the FY 2016-17 Adopted Budget shows the City's total long-term debt including the Pension Obligation Bonds.
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• Page 73 of the Independent Audit FY Ending June 30, 2016 shows the City's proportionate share of net pension liability in the pooled funds for Miscellaneous and Safety employees reported for GASB 68 purposes.
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• Council Member Peake prepared a primer on CalPERS pension financing that includes 10 years of data and provides many explanations as to how CalPERS works.
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• The Pension Ad-Hoc Committee (Kampe, Peake, Fischer) also submitted a report on CalPERS on February 21, 2016. Page 1 of Attachment 2, is a letter from CalPERS stating the accrued liabilities.
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