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ATTACHMENT C The below chart illustrates the rise in General Fund (GF) costs for public safety pension. The forecast for fiscal years 2022-23 through 2025-26 is based on information from the Public Safety Personnel Retirement System (PSPRS) Actuary based on the valuation dated June 30, 2020, and included in the most recent GF Five-Year Forecast presented to City Council on February 23, 2021. Projected amounts account for changes made by the PSPRS Board to lower the payroll growth assumption from 3.5% to 2.0% by a factor of 0.5% each fiscal year, which causes upward pressure on employer contribution rates. Actual amounts may differ from the forecast. The forecast will be updated and based on the June 30, 2021 valuation to be issued in December 2021 and will be included in the 2022-23 GF Budget Status and Five-Year Forecast scheduled to be presented to City Council on February 22, 2022. - 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 140,000,000 160,000,000 180,000,000 200,000,000 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 25-26 Actuals Actuals Actuals Actuals Actuals Actuals Budget Forecast Forecast Forecast Forecast GF PUBLIC SAFETY PENSION COSTS GF Fire GF Police