Corona

City Council

January 07, 2026 Order of Business 9 #1

Agenda Item 1

9.1\nPRESENTATION ABOUT THE CITY’S UPDATED CALPERS UNFUNDED LIABILITIES AND\nAPPROVAL OF THE FISCAL YEAR 2026 PENSION STABILIZATION TRUST CONTRIBUTION\nThat the City Council:\nActing as the Pension Stabilization Trust Board, receive the presentation about the updated\npension liabilities and Pension Stabilization Trust.\na.\nApprove a Fiscal Year 2026 Pension Stabilization Trust contribution of $2,300,000 ($2.0\nmillion from the Measure X Fund 120 and $0.3 million from the General Fund 110).\nb.