File #: File ID 17198    Version: 1 Name:
Type: Agenda Item Status: Approved
File created: 3/28/2024 In control: Finance and Risk Management
On agenda: 4/16/2024 Final action: 4/16/2024
Title: Public Safety Personnel Retirement System (PSPRS) and Correction Officer Retirement Plan Reserve Staff recommends authorization for the Director of Finance and Risk Management to take appropriate steps to transfer $10 million from the Pension Fund Reserve to PSPRS in FY 2023/24, to reduce the unfunded liability in the PSPRS plan.
Attachments: 1. FN_PSPRSandCORPReserve, 2. FN_CAMemo_PSPRSandCORPReserve

Title

Public Safety Personnel Retirement System (PSPRS) and Correction Officer Retirement Plan Reserve

Staff recommends authorization for the Director of Finance and Risk Management to take appropriate steps to transfer $10 million from the Pension Fund Reserve to PSPRS in FY 2023/24, to reduce the unfunded liability in the PSPRS plan.