title
Approve Resolution Authorizing Withdrawal of Funds from City’s Pension Trust to Make Additional Discretionary Payment to CalPERS Retirement System
recommendation
That the City Council adopt a resolution entitled:
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA AUTHORIZING THE TRANSFER OF $2,000,000 FROM THE CITY’S PENSION RATE STABILIZATION TRUST TO MAKE AN ADDITIONAL DISCRETIONARY PAYMENT TO CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM