To: BUDGET AND FINANCE COMMISSION
From: MARNI RUHLAND, FINANCE DIRECTOR
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DISCUSSION AND POSSIBLE ACTION REGARDING CALPERS AND WORKERS’ COMPENSATION SUBCOMMITTEE
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EXECUTIVE SUMMARY
A verbal report from the subcommittee created to address the City’s CalPERS liabilities and workers’ compensation costs will be provided at this evening’s Commission meeting.
BACKGROUND
At its July 9, 2020 meeting, the Budget and Finance Commission created a subcommittee to address the City’s CalPERS liabilities and workers’ compensation costs. When forming the subcommittee, the Commission agreed to monthly update reports. A verbal report will be provided at this evening’s meeting.
COORDINATION
The members of the Budget and Finance Commission appointed to the subcommittee are Commissioner Solomon, Commissioner Woodham and Chairman Conroy.
FISCAL IMPACT
None.