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CALPERS PENSION BUCK <br />OFAM li'PIC IA. <br />J <br />City's unfunded liability primarily due to retired employees <br />60% miscellaneous plan and 73% safety plan <br />On average, Redwood City pays $26K for each miscellaneous <br />retired employee and $57K for each public safety retired <br />employee <br />Redwood <br />City =.�,� � 17 <br />