Title of Session or Presentation:

CalPERS 2025 ALM Study Impacts and Strategic Pension Cost Management

Description of Session:

Join the North Bay Executive Caucus—a peer circle for director-level finance professionals—for an engaging session combining networking, executive roundtable discussion, and expert insight.

This meeting will feature a hot topic presentation from Mike Meyer, Head of NHA Advisors’ Pension/Fiscal Sustainability Group: CalPERS 2025 ALM Study Impacts and Strategic Pension Cost Management

With the CalPERS 2025 Asset Liability Management (ALM) Study results released in November, Mike will share timely updates on the potential financial impacts for public agencies, including changes in assumptions and CalPERS’ mid-year investment performance.

Drawing on NHA’s experience advising more than 100 CalPERS member agencies, Mike will also provide practical strategies for managing and mitigating pension cost pressures—highlighting innovative approaches being implemented across California.

Following the presentation, participants will engage in a facilitated roundtable discussion to share challenges, successes, and ideas for strengthening financial leadership across the region.

Who Should Attend: Finance professionals at the director level and above in the North Coast Region. 

Speakers:

Mike Meyer, head of NHA Advisors’ Pension/Fiscal Sustainability Group

Speaker Bio:

Since 2003, Mr. Meyer has been providing a high level of support to California municipalities as an advisor, consultant, and an investment banker. He manages NHA’s San Diego office and the firm’s Pension and Fiscal Sustainability Group.

Mr. Meyer has executed all types of financings available to California municipalities, including pension obligation bonds, utility revenue (water/wastewater/storm drain), general fund backed leases, tax increment, general obligation, transportation, land secured, housing and sales tax transactions. Mike’s clients range from medium/large cities like Oxnard, Riverside, Chula Vista and Berkeley to smaller cities like Corcoran, Riverbank and Ukiah, to special district’s such the Novato Sanitary District and North County Fire Protection District.

Mr. Meyer also manages NHA’s Pension and Fiscal Sustainability Group, which has advised over 45 California local agencies on topics ranging from basic CalPERS education, to UAL cost management strategies (Section 115 Trusts, Additional Discretionary Payments, etc.), to UAL restructuring projects. In 2015, he led the firm’s efforts to pioneer some of the first UAL “smoothing” transactions, which were executed as privately placed lease revenue bonds given that POBs were not feasible at that time. As the POB market re-emerged in 2018 and 2019, Mike has recently worked on over $1.5 billion of pension bond transactions for cities, utilities districts and fire districts. This experience includes all types of UAL financing structures: both privately placed debt as well as publicly offered, validated and non-validated POBs, as well as alternative structured like lease revenue bonds and utility revenue bonds. Notable transactions include the $450 million City of Riverside POB (closed 2020), $120M El Monte Tax Override Secured POB, $350 million City of Torrance Lease (closed 2020) and the $350 million Chula Vista POB (January 2021 expected pricing).

For more information view his full profile here: https://nhaadvisors.com/leadership/ 

Registration Deadline:

Wednesday, January 28, 2026

Registration Fee:

Members FREE, Non-Members $10

This meeting does not qualify for CPE

Upcoming Meeting Dates:

02/18/2026 - Emerging Leaders Network Virtual Session
02/26/2026 - North Coast CSMFO Conference Meetup
03/26/2026 - San Rafael Regular Meeting - AI Presentation
04/06/2026 - Executive Caucus Meeting