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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 2027-28 through 2030-31 is based on information from the Public Safety Personnel Retirement System (PSPRS) Actuary based on the valuation dated June 30, 2025, and included in the most recent GF Multi-Year Forecast presented to City Council on February 24, 2026. Projected amounts account for changes made by the PSPRS Board to lower the payroll growth assumption from 1.5% to 0.75%, which causes upward pressure on employer contribution rates. Actual amounts may differ from the forecast. The forecast will be updated based on the June 30, 2026 valuation to be issued in December 2026 and will be included in the 2027-28 GF Budget Status and Multi-Year Forecast scheduled to be presented to City Council on February 23, 2027. GF Public Safety Pension Costs 300,000,000 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 - FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 Actuals Actuals Actuals Actuals Actuals Budget Forecast Forecast Forecast Forecast GF Fire GF Police