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Funding Strategies <br /> <br />•POB financing saved $1.48 million on PV basis <br />•Budget forecast assumes increase in City’s <br />OPEB and PERS contributions <br />•Future new employees will have lower benefits <br />due to Public Employees’ Pension Reform Act of <br />2013 (PEPRA) <br />•City will continue payment of ARC for CalPERS <br />and endeavor to pay ARC for OPEB <br />•Strengthening our revenue streams <br />•Future bargaining unit agreements to continue <br />employee contributions toward CalPERS <br /> <br />10