Pensions
Pension & OPEB Strategy
Pension costs are not just actuarial outputs. They are claims on future public capacity.
The Challenge
Pension obligations affect every major fiscal decision the agency makes.
Public agencies need to understand how pension and OPEB obligations affect long-term flexibility, capital funding, rate pressure, labor negotiations, reserves, and debt affordability. The actuarial numbers alone are not enough. Boards need context, policy options, and a clear view of what the trajectory means.
Key Capabilities
- CalPERS UAL analysis
- Amortization base review
- Additional discretionary payment strategy
- Section 115 trust strategy
- Pension management policy
- Pension and OPEB board dashboards
- Annual pension update process
How We Work
Our approach
We focus on what governing boards need to know and what finance staff need to manage. UAL analysis, amortization base strategy, additional discretionary payment decisions, and Section 115 trust funding are connected to the broader fiscal model, not treated as isolated actuarial outputs. We translate the numbers into policy options and present them in formats boards can engage with and act on.
Clear understanding of UAL trajectory by amortization base, with analysis of acceleration options and their long-term cost implications.
Additional discretionary payment strategy tied to reserve adequacy, budget capacity, and long-term affordability rather than a fixed formula.
Annual board dashboards that track pension cost trends, ADP decisions, trust balances, and management actions over time.
Common Engagements
What a typical engagement looks like
Pension policy analysis & development
Pension funding strategies
115 trust funding framework
Long-term funding planning
Ready to discuss your agency's fiscal capacity?
Schedule a confidential conversation about your capital needs, pension pressures, revenue strategy, upcoming financing, or long-term financial plan.