City Council

8.1 Unfunded Retirement Liability\nRecommendation: Adopt a resolution titled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY\nOF LAGUNA WOODS, CALIFORNIA, AMENDING AND\nADOPTING THE FISCAL YEARS 2023-25 BUDGET AND\nWORK PLAN FOR FISCAL YEAR 2023-24 COMMENCING\nJULY 1, 2023 AND ENDING JUNE 30, 2024, AND FISCAL\nYEAR 2024-25 COMMENCING JULY 1, 2024 AND\nENDING JUNE 30, 2025, RELATED TO LUMP SUM\nPAYMENTS TO PAY OFF CALIFORNIA PUBLIC\nEMPLOYEES’ RETIREMENT SYSTEM (CALPERS)\nUNFUNDED ACCRUED LIABILITY, AND MAKING\nRELATED AUTHORIZATIONS