The City of Los Altos includes 130 full-time authorized positions and numerous part-time temporary staff. Due to the service-oriented nature of City business, personnel costs are typically the largest expenditure in the City's operating budget . City employee salaries and other compensation are subject to public disclosure and can be viewed below:
Los Altos, like most California cities, is part of the CalPERS state-pooled retirement system. In an effort to prudently manage long-term retirement costs, the City has established cost-saving reduced retirement benefit plans. Details of those plans can be viewed online at: City Benefits 
Beginning in 2014/15, the Government Accounting Standards Board will require cities to reflect on their balance sheets the amount of unfunded liability for employee retirement. This amount represents a long-term liability related to the funding of future projected employee pension obligations.
CalPERS has provided its members with information on this long-term liability regarding the funding of future projected employee pension obligations, which you may review below: