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WHERE DO YOU GET THE MONEY FROM? <br /> • One time payments <br /> • Council resolution to use a portion of one time money, e.g. <br /> ❑ 1/3 to one time projects <br /> ❑ 1/3 to replenish reserves and <br /> ❑ 1/3 to pay down unfunded liability <br /> M,CITY Of <br /> r.EASANTON. <br /> December 19,2017 61 <br /> HOW DO YOU USE THE MONEY? <br /> • Make payments directly to Ca1PERS: <br /> • Treat as contribution gain: <br /> ❑ Ca1PERS default <br /> ❑ Very modest short term contribution impact <br /> • Apply to all bases in proportion: <br /> ❑ Lowers payment <br /> ❑ Does not shorten amortization period <br /> • Request shorter amortization period(Fresh Start): <br /> ❑ Higher short term payments <br /> ❑ Less interest and lower long term payments <br /> ❑ PEPRA prevents contributions from dropping below normal cost <br /> O Savings offset when investment return is good <br /> MI CTI 01 <br /> l' <br /> December 19,2017 62 LEAS ON. <br />