City Council

8E. Additional Discretionary Payment to the California Public Employees’ Retirement System (CalPERS) to Further Reduce the Unfunded Accrued Liability. Environmental Considerations: The action being considered by the City Council is exempt from the California Environmental Quality Act (CEQA) because it is not a "project" under Section 15378(b)(5) of CEQA Guidelines. The action involves an organizational or administrative activity of government that will not result in the direct or indirect physical change in the environment. Contact Person: Director of Finance/City Treasurer Gallup Recommended Action: Adopt Resolution 2025-55, titled "A Resolution of the City Council of the City of Encinitas, California, Amending the Fiscal Year 2024-25 Budget" to authorize an additional discretionary payment to CalPERS in the amount of $250,000 to reduce the City of Encinitas unfunded pension liability. 2025-06-11 Item 08E CalPERS Additional Discretionary Payment