Summary
The city's pension costs have doubled over seven years to about $36.6 million a year. A Section 115 trust — targeting around $24 million — could smooth bad years and earn better returns, but the council wants more information before choosing between single- and multi-employer structures.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 9, 2026.
Impact analysis
Potential $24 million trust fund; roughly $25,000 setup cost and better investment flexibility than current reserves.
Taxpayers, through smoother pension costs and potentially higher investment returns on city reserves.
Mentions & discussions (1)
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