https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=487530&GUID=B54962E8-822F-4B14-90C6-79E486E9E3ABLegistar15https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=487530&GUID=B54962E8-822F-4B14-90C6-79E486E9E3ABB54962E8-822F-4B14-90C6-79E486E9E3AB-2019-01-22-23-08-14Title: Recommendation to adopt a motion approving the use of the CalPERS Annual Lump Sum Prepayment Option for the employer portion of the City's CalPERS retirement benefit. The recommended prepayment, in the amout of $46,013,000, should provide a budgetary savings of $1,749,730 to the City. Of this amount, the General Fund should recoup a budgetary savings of $1,049,400.Tue, 22 Jan 2019 23:08:14 GMT