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1/15/2026 <br />1 <br />PENSION TRUST & RESERVE ANALYSIS AND USE POLICY <br />CITY COUNCIL <br />MARCH 18, 2025 <br />TODAY’S <br />DISCUSSION <br />•Considerations <br />Pension Trust & Reserve Use Strategy <br />•Historical and Projected CalPERS Costs <br />Pension Program Review <br />•Section 115 Trust Analysis <br />•Scenarios <br />Cost Management Strategy Overview <br />•Proposed Policy Language <br />Takeaways and Recommendation <br />REQUESTED ACTION <br />Provide Feedback <br />Accept the report and adopt a <br />Resolution establishing the Pension <br />Trust and Reserve Use Policy <br />THINGS TO CONSIDER…. <br />When do we use? <br />How much do we use? <br />What latitude should the policy provide? <br />How can we be mindful of using one-time dollars for ongoing costs? <br />How do we balance use with other reserves? <br />THE NHA <br />ADVISORS <br />TEAM <br />Michael Meyer <br />Vice President <br />Pension Group Manager <br />Craig Hill <br />Managing Principal <br />Matt DeFilippis <br />Senior Analyst <br />Adrian Gonzalez <br />Analyst <br />CITY OF WALNUT CREEK <br />CALPERS PENSION PROGRAM REVIEW AND <br />COST MANAGEMENT STRATEGY ASSESSMENT <br />MARCH 18, 2025 <br />1 2 <br />3 4 <br />5 6 <br />Docusign Envelope ID: BB80A86F-2853-4F40-B02D-18F5B9DD615F