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City of Redwood City
<br />Notes to the Basic Financial Statements (Continued)
<br />For the Year Ended June 30, 2025
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<br />Note 13 – Other Postemployment Benefits
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<br />A. Summary
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<br />Governmental Business-Type
<br /> Activities Activities Total
<br />Deferred outflows of resources:
<br />OPEB contribution made after measurement date:
<br />City Plan 9,452,652$ 985,348$ 10,438,000$
<br />Port Plan - 18,126 18,126
<br />Total pension contribution made after measurement date 9,452,652 1,003,474 10,456,126
<br />Difference between expected and actual experience:
<br />City Plan 7,402,306 771,619 8,173,925
<br />Total difference between expected and actual experience 7,402,306 771,619 8,173,925
<br />Change in assumptions:
<br />City Plan 3,372,297 351,530 3,723,827
<br />Port Plan - 615 615
<br />Total change in assumptions 3,372,297 352,145 3,724,442
<br />Net difference between projected and actual earnings of OPEB Plan investments:
<br />City Plan 544,606 56,770 601,376
<br />Total net difference between projected and
<br /> actual earnings of OPEB Plan investments 544,606 56,770 601,376
<br />Total deferred outflows of resources
<br />City Plan 20,771,861 2,165,267 22,937,128
<br />Port Plan - 18,741 18,741
<br />T ot al deferred outflows of resources 20,771,861$ 2,184,008$ 22,955,869$
<br />Net OPEB liability:
<br />City Plan 47,852,904$ 4,988,199$ 52,841,103$
<br />Port Plan - 587,350 587,350
<br />Total OPEB pension liability 47,852,904$ 5,575,549$ 53,428,453$
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<br />7.C. - Page 143 of 269
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