Medium PriorityTaxes Budgetopen
Pension funding and possible 115 trust
Summary
Saratoga's CalPERS plan is 82.6% funded, and the city already makes extra annual payments. Staff floated a Section 115 trust as a more flexible vehicle; most council members want more data before deciding.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jan 27, 2026.
Impact analysis
💰Financial impact
A 10-year paydown would cost ~$1.6M/year; a five-year payoff ~$2.7M/year — money the city doesn't currently have.
✅Who benefits
Retirees and taxpayers benefit from a well-funded, proactively managed pension.
Mentions & discussions (1)
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Saratoga
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.