City Council

7. AUTHORIZATION TO PREPAY CALPERS FY 2023­24 UNFUNDED\nACCRUED LIABILITY (UAL) AMORTIZATION PAYMENTS\nRecommendation:\nStaff recommends that the City prepay its FY 2023­24 UAL amortization payments to\nCalPERS for an estimated net savings of $51,997.32. If the City Council concurs\nwith staff’s recommendation, an appropriate motion would be: “I move to authorize\nstaff to prepay all of the City’s Fiscal Year 2023­24 unfunded accrued liability\namortization payments to CalPERS in the total amount of $2,878,594, and to make