Laserfiche WebLink
FUNDING PENSION PLAN OPTIONS <br />APPROACH <br />PROJECTED <br />PROJECTED <br />PROJECTED DATE <br />INTEREST <br />TIME TO FULLY <br />WHEN PENSIONS <br />SAVINGS <br />FUND <br />WOULD BE FULLY <br />PENSIONS <br />FUNDED <br />Option 1. Making the <br />None <br />22 years <br />FY 2040-41 <br />Required Annual Contribution <br />Option 2. Making the <br />TBD based on <br />21 years <br />FY 2039-40 <br />Required Annual Contribution <br />when the City <br />plus Making Additional Annual <br />uses pension <br />Payments <br />trust proceeds <br />*CURRENT APPROACH <br />Option 3. Making Sufficient <br />$38 million <br />18 years <br />FY 2036-37 <br />Contributions to Fully Fund <br />Pension Obligations within 18 <br />Yea rs <br />