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Compare Estimated PaymentsTotal Estimated Payments Potential SavingsNo Refinancing $1,298,053,648 $050% Refinancing $1,115,050,766 $183,002,88290% Refinancing $1,044,180,853 $253,872,795Based on CalPERS estimate of future payments and market conditions in December 2020.  Final numbers will likely change.Total Estimated Payments = Refinancing Bond Payments + Remaining CalPERS Liability Payments