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Council heard the Police & Fire actuarial valuation (Sept. 2025) and an investment update, then voted unanimously to enter a closed session to discuss legal matters and employee‑group negotiation preparation.
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City staff and outside actuaries presented the latest pension valuation for police and fire retirement plans, including funding levels, member counts, and computed employer contribution rates; an investment manager reviewed recent portfolio activity and noted the city made a $1 million pension contribution in 2025. No funding decision was made at the meeting. The council then voted 7–0 to go into a closed session to discuss legal issues and preparations for negotiations with employee groups; closed session ended about 6:57 p.m. For residents, this means the city is monitoring pension funding and investments but did not change pension contributions at this meeting; some negotiation and legal matters were discussed privately.
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