SUPPLEMENTAL MATERIAL
1 Responses to City Council Agenda Items – March 4, 2025
Regular Meeting
Agenda Item #8: Receive report and presentation on City’s CalPERS and Other Post- Employment Benefits (OPEB) Funding Actuarial Analysis
1. Why is the total pension trust fund drawdown amount for Scenario 1 only about $37 million, and for Scenario 2, it is only about $35 million?
A. As described in Foster & Foster’s report, the amounts shown on the charts are for every other year. The total drawdown amounts are higher than $37 million and $35 million. Please note that the charts are simplified to make them less complex to be consistent with the recent Eide Bailly recommendation regarding presentation of information in agenda reports.
2. Will the City’s pension and OPEB plans achieve 100% funded status? A. As stated in Foster & Foster’s report, the Actuarial Accrued Liability (AAL) represents the target asset value so that the plan is on track to meet the goal of having sufficient assets to pay all benefits from the trust once employees retire. Plans will rarely be 100% funded. In each valuation, the recommended contribution is equal to the value of benefits accruing for active employees, plus/minus a payment/credit to move the plan towards 100% funding. Foster & Foster recommends that the City continue to fund pension and OPEB liabilities to move towards 100% funding.
3. Is there any possibility that the discount rate could be lowered further? A. Yes. The CalPERS Board will consider information presented in the regular four-year Asset Liability Management (ALM) cycle review in 2025 that could result in a recommendation to lower the discount rate (the Q&A is from the CalPERS website).
4. Are CalPERS investment returns expected to remain at current levels in Foster & Foster’s report?
A. Investment returns are expected to change periodically depending on market conditions. The analysis prepared by Foster & Foster reflects the current
6.8% CalPERS discount rate, but rates lower or higher than this are also included.
5. Has the City been withdrawing funds from its City and Fire OPEB trust accounts? A. The City has not been withdrawing funds from its OPEB trust accounts every year, although in some years there were small withdrawals in amounts such as $200k. With the accumulated funds and investment earnings, the funded status for OPEB was 81% at June 30, 2024.
Submitted On:
Mar 4, 2025, 09:55AM PST
City Council Regular Meeting -
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City of Pleasanton
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City Council Meeting Date
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Regular Meeting at 7 pm
Agenda Item Number
9 Comments
Many Pleasanton residents are alarmed that DBAC is on the city’s budget list for closure!
Many diverse groups rely on aquatics
programs not only for fitness and social benefits but also for health and wellbeing.
PLEASE do not close this valuable service!
Submitted On:
Feb 27, 2025, 09:28AM PST
City Council Regular Meeting -
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City of Pleasanton
Full Name
First Name:
Chuang
Last Name:
Chen
Email (this entry is disclosable
if included)
[email protected]
City Council Meeting Date
March 04, 2025 09:26 AM
Meeting Type
Regular Meeting at 7 pm
Agenda Item Number
Close pool
Comments
I am writing to express my concern regarding the potential closure of Delores Bengtson Pool.
My children have been swimming in this pool since they were two years old, and my daughter, who is now 11, has been a member of the Seahawks swim team since she was five. The pool has been an integral part of our family's routine, bringing us together, promoting family bonding, and encouraging a healthy lifestyle. It has significantly contributed to the physical well-being of my children, with fewer sick days and overall better health. They truly enjoy their time at the pool, and it has positively impacted their lives in countless ways.
Closing the pool would be a great loss to our community, especially when it comes to fostering health and fitness within families. Rather than cutting valuable programs like this one due to budget concerns, I believe our focus should be on supporting programs that help improve the health and wellness of families in our area.
I hope you will consider the long-term benefits that Delores Bengtson Pool provides to families like mine and the wider community. I am confident that keeping the pool open will continue to positively impact future generations.
Thank you for your attention to this matter, and I look forward to hearing from you.
Sincerely,
Chuang
Submitted On:
Mar 4, 2025, 10:33AM PST
City Council Regular Meeting -
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City of Pleasanton
Full Name
First Name:
Fanghua
Last Name:
Song
Email (this entry is disclosable
if included)
[email protected]
City Council Meeting Date
March 04, 2025 07:00 AM
Meeting Type
Regular Meeting at 7 pm
Agenda Item Number
7 Comments
Subject: Please Keep Our Olympic-Sized Swimming Pools Open Dear Pleasanton City Mayors and Council members:
I urge you to keep our Olympic-sized swimming pools open, as they are invaluable assets to our city. Closing them would not only be a great loss to our community but also a financial setback.
1. Preserving a Major City Investment – These pools are significant city assets. Draining them can lead to cracks and costly damage, ultimately ruining this important investment.
2. A Thriving Swim Community – Our pools serve a large number of swimmers, including the Seahawks team, which has trained here for years and achieved top awards, including at the Olympic level.
Swimmers from Danville, San Ramon, and Dublin also come here to train and compete. Losing access to such a gem would be a huge blow to our city’s reputation and athletic community.
3. Year-Round Usage & Revenue – Many lap swimmers, including myself, rely on these pools year-round. Keeping them open generates revenue for the city, while closing them would push swimmers to pay other cities for pool access, resulting in financial loss.
I would also appreciate insight into the current income and expenses associated with our swimming pools.
Thank you for your time and consideration. I hope you will prioritize keeping these valuable facilities open for our community.
Best regards,
Submitted On:
Mar 4, 2025, 10:22AM PST
City Council Regular Meeting -
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City of Pleasanton
Full Name
First Name:
Huiling
Last Name:
Song
Email (this entry is disclosable
if included)
[email protected]
City Council Meeting Date
March 04, 2025 10:19 AM
Meeting Type
Regular Meeting at 7 pm
Agenda Item Number
7 Comments
Subject: Please Keep Our Olympic-Sized Swimming Pools Open Dear City Mayors and Council members:
I urge you to keep our Olympic-sized swimming pools open, as they are invaluable assets to our city. Closing them would not only be a great loss to our community but also a financial setback.
1. Preserving a Major City Investment – These pools are significant city assets. Draining them can lead to cracks and costly damage, ultimately ruining this important investment.
2. A Thriving Swim Community – Our pools serve a large number of swimmers, including the Seahawks team, which has trained here for years and achieved top awards, including at the Olympic level.
Swimmers from Danville, San Ramon, and Dublin also come here to train and compete. Losing access to such a gem would be a huge blow to our city’s reputation and athletic community.
3. Year-Round Usage & Revenue – Many lap swimmers, including myself, rely on these pools year-round. Keeping them open generates revenue for the city, while closing them would push swimmers to pay other cities for pool access, resulting in financial loss.
I would also appreciate insight into the current income and expenses associated with our swimming pools.
Thank you for your time and consideration. I hope you will prioritize keeping these valuable facilities open for our community.
Best regards,
Pleasanton resident of 15 years
Huiling Song
Submitted On:
Mar 4, 2025, 10:58AM PST
City Council Regular Meeting -
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comment
City of Pleasanton
Full Name
First Name:
Melodie
Last Name:
Soe
Email (this entry is disclosable
if included)
[email protected]
City Council Meeting Date
March 4th 2025
Meeting Type
Regular Meeting at 7 pm
Agenda Item Number
7 Comments
As an avid lap swimmer of over two decades here at the aquatic center, closing it would be devastating both mentally and physically as I have health issues. This is a common theme for many of The swimmers.
It is a valuable asset for the swim team consisting of our youth here, our families.
Source of revenue. Provides recreation for all ages.
And to close, and then reopen the future and be an extensive project and great cost.