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9.A. - Page 17 of 21 <br />The chart below displays the estimated increase in annual required contribution amounts if 0 percent rate <br />of return is realized by CalPERS investments for FY 2019-20. Higher annual contribution amounts would <br />begin in FY 2022-23 at $0.8 million, increasing to $4.2 million in FY 2026-27. This would result in total <br />annual contributions of $75.8 million over a 20 -year period. <br />Annual CAPERS Required Contribution <br />(Misc. & Safety plans modeled in CalPERS Pension Outlook tool) <br />$4.2 <br />$45.0 Million <br />$40.0 $0.8 <br />Million ■ ■ . . . . <br />$35.0 <br />$30.0 <br />$25.0 <br />$20.0 <br />$15.0 <br />$10.0 <br />$5.0 <br />$0.0 <br />9 ti° tip tip tip tip <31 <br />�'6 p 00, <br />p <br />Fy F� 0 <br />Current Payment ■ Projected Additional Cost <br />(0% investment return) <br />Benefit costs associated with existing staff, coupled with liabilities associated with retirees, are expected <br />to increase significantly over the next ten fiscal years. <br />Page 17 of 20 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />706 <br />