Town Of Moraga

CalPERS Unfunded Pension Liability Analysis

Town Council reviewed and accepted the CalPERS Actuarial Analysis June 30, 2018 Valuation report for the Town of Moraga prepared by Bartel Associates. The analysis includes: a comprehensive review and summary of historical CalPERS actuarial information including review of historical actuarial valuation reports; summary of historical information for the Miscellaneous and Safety plans; funded status; and contribution rates. See the Analysis report. The analysis further considers contribution rate projections over a 20-year period assuming a lower discount rate and explores three funding scenarios to address the Town's unfunded pension liability and stabilize future rates. The CalPERS pension liability study is one of three unfunded needs assessments underway. The Capital Asset Replacement Analysis and Report was presented to the Council on September 25, 2019 and the 2019 Addendum to the Storm Drain Master Plan is scheduled to be presented to the Council on November 13, 2019.

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