Paramount City Council Regular Meeting Minutes April 28, 2026
Council Ends CERBT Participation with CalPERS
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Description
The Paramount City Council voted via Resolution 26:011 to discontinue participation in the CalPERS-administered California Employers’ Retiree Benefit Trust (CERBT). This change accompanies the City’s transition to a new Multiple Employer OPEB/Pension 115 Trust.
Contract Details
Vendor
CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (CALPERS)
Agency
City of Paramount, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Renewal Info
Council action discontinues the City’s CERBT participation; future renewals will occur under the new Shuster Advisory Group-administered trust instead of CalPERS CERBT.
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