CalPERS Pension Costs and Unfunded Liability
Summary
The city's pension debt dropped to $15.9 million and the funded ratio climbed to 76.2% — moving toward the 90% target. Strong investment returns (11.6% last year, 14.8% preliminarily this year) are doing the heavy lifting, but the city still budgeted about $2.7 million for pension contributions in 2027-28.
At a glance
- Total mentions
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- Last 30 days
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Last discussed Sep 10, 2026.
Impact analysis
About $2.7 million of the next budget goes to pension contributions, with a $1.767 million UAL payment — all paid from the general fund and employee pension service fund.
City retirees and employees get secure pensions, and taxpayers benefit as the debt shrinks instead of growing.
If markets turn, general fund dollars that could go to roads and services get redirected to pension payments.
Mentions & discussions (1)
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