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REQUEST FOR PROPOSALS FOR PENSION FUNDING STRATEGY FOR EMPLOYEE RETIREMENT
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<br />1. FIRM OVERVIEW & RECENT EXPERIENCE
<br />NHA Advisors, LLC is an Independent Registered
<br />Municipal Advisor registered with the SEC and MSRB
<br />and headquartered in San Rafael, California. NHA has
<br />been providing municipal advisory services to
<br />California cities, special districts, and other public
<br />agencies since 2000 (formerly known as Northcross
<br />Hill & Ach, Inc. from 2000-2011). Over the past five
<br />years (since 2021), NHA has been the #1 municipal
<br />advisor, by number of bond transactions for California
<br />cities (Source: California State Treasurer as of October
<br />28, 2025; excludes commercial paper and conduit
<br />financings; January 2021-present). NHA has provided
<br />comprehensive financial and consulting services to
<br />over 185 public agencies throughout California, with a
<br />primary focus on California cities and special districts.
<br />NHA’s bond and consulting groups are currently
<br />working with public agencies to develop project
<br />funding solutions, financial policies, and strategies for
<br />pension liabilities, fiscal sustainability, and climate
<br />adaptation.
<br />NHA Pension Group Experience
<br />Over the past 10 years, NHA’s Pension Group, led by Mike Meyer, has worked with more than 100
<br />California public agencies to develop strategies and policies to manage CalPERS liabilities. To our
<br />knowledge, no other Municipal Advisor is as active in this space. The chart on the next page highlights the
<br />public agencies we have recently worked with, and the type of services requested. Our expertise and
<br />services include quantitative analysis of historical trends and projected costs, sensitivity/risk analysis and
<br />scenario modeling, evaluating options to address rising pension costs (i.e., Section 115 Trust, UAL pay-
<br />downs (ADPs), Hard and Soft Fresh Starts, pension bonds and POB risk assessment, etc.), creating and
<br />enhancing pension funding policies and presenting findings and alternatives to elected officials, staff, and
<br />union representatives at public and informal meetings. NHA’s ability to translate complex information
<br />and be agile in meeting our clients’ needs is one of our strongest attributes (based on comme nts from
<br />existing clients) and one of the reasons our style of work product and service is preferred over more dense
<br />actuarial studies or plans that don’t take into account a holistic viewpoint of General Fund resources and
<br />constraints and/or other political and strategic objectives.
<br />Examples of Recent Pension Management Strategy Work
<br />Over the past 12 months, NHA has worked with 23 California agencies on CalPERS related pension
<br />consulting assignments. Some of these agencies include the cities of Walnut Creek, Corte Madera,
<br />Riverside, Torrance, Sausalito, Santa Rosa, Richmond, San Carlos, Riverbank, Ukiah, Yuba City, Pinole,
<br />Gilroy, Hanford, Arcata, Corcoran, El Cerrito, Fort Bragg, Lakeport, Oroville, Tulare and Morro Bay. While
<br />the precise scope for each of these projects was different based on each agency’s specific needs, each
<br />revolved about a tailored assessment of viable cost management strategies.
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<br />NHA lients er ed
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<br />Docusign Envelope ID: BB80A86F-2853-4F40-B02D-18F5B9DD615F
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