Laserfiche WebLink
One -Time Spending <br />13 <br />Pension Cost Stabilization (Section 115 Trust) <br />•Helps offset rising CalPERS pension costs <br />•Costs increase when CalPERS investment returns fall below the 6.8% target <br />•Significant projected increases in future pension contributions <br />•$3 million contributed in FY 2024 -25 and $1 million in FY 2025 -26 <br />•Helps earn investment returns, reduce volatility, and ensure funds are available for future pension cost increases <br />Shall staff include a one -time $1.5 million contribution to the Section 115 Trust in FY 2026 -27?