Pension reserve strategy for CalPERS risk
City of BeaumontCalifornia- Detected
- Oct 26, 2026
- 7 days ago
- Sector
- Payroll and Pension
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From the meeting
At its October 26, 2026 meeting, staff presented the City's pension funding status and CalPERS performance. The report said funded status improved to 92% as of June 30, 2025, and urged continuing the Section 115 Trust to buffer future contribution spikes. The presentation also pointed to a reserve target of $8 million to $10 million to cover higher payments after a market downturn.
This is a budgeting and reserve-planning signal tied to long-term pension risk.
- Meeting date
- October 26, 2026
- Agency
- City of Beaumont
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