City Council

8E. Additional Discretionary Payment to the California Public Employees’\nRetirement System (CalPERS) to Further Reduce the Unfunded Accrued\nLiability. Environmental Considerations: The action being considered by the\nCity Council is exempt from the California Environmental Quality Act (CEQA)\nbecause it is not a "project" under Section 15378(b)(5) of CEQA Guidelines.\nThe action involves an organizational or administrative activity of government\nthat will not result in the direct or indirect physical change in the environment.\nContact Person: Director of Finance/City Treasurer Gallup\nRecommended Action: Adopt Resolution 2025-55, titled "A Resolution of the\nCity Council of the City of Encinitas, California, Amending the Fiscal Year\n2024-25 Budget" to authorize an additional discretionary payment to CalPERS\nin the amount of $250,000 to reduce the City of Encinitas unfunded pension\nliability.\n2025-06-11 Item 08E CalPERS Additional Discretionary Payment