Annual Pension Actuarial Valuation and City Contribution
Summary
The pension plan remains exceptionally well-funded at 107.52%, but the city's required employer contribution for fiscal year 2027 will increase by about $4.1 million to $12.355 million due to salary increases and mortality experience.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jun 15, 2026.
Impact analysis
The city's required pension contribution will increase by approximately $4.1 million to $12.355 million for fiscal year 2027.
City employees and retirees benefit from a secure, well-funded pension system.
City taxpayers face a higher required contribution from the municipal budget.
Mentions & discussions (3)
Pension Trustees — June 15, 2026
The pension plan remains exceptionally well-funded at 107.52%, but the city's required employer contribution for fiscal year 2027 will increase by about $4.1 million to $12.355 million due to salary increases and mortality experience.
Pension Trustees — April 20, 2026
The pension trustees reviewed 2025 investment performance, approved regular pensions and vesting for departing staff, and set the expected rate of return at 6.5% for future years.
Pension Trustees — February 2, 2026
The pension board routinely processed new employee plan enrollments, vesting agreements for departing staff, and retirements for 12 long-serving city workers. These actions manage the city's ongoing obligations to its workforce under established pension rules.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Clearwater
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.