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FINANCIAL_SERVICESONGOING

Olympic Valley Public Service District Budget Fiscal Year 2026-2027 2026-06-01

District leverages CalPERS trusts for pension and OPEB

$250,000 initial CEPPT contribution for Utility, $200,000 initial CEPPT contribution for Fire; at least $25,000 CERBT contribution for Fire and $25,000 for Utility in FY2027Olympic Valley Public Service DistrictCALPERSJune 1, 2026

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Description

Olympic Valley Public Service District continues its long-term financial arrangements with CalPERS, including CEPPT and CERBT trust accounts funded with several hundred thousand dollars to prefund pension and retiree health obligations. Additional CERBT contributions of at least $25,000 per department are planned for FY2027.

Contract Details

Contract Amount

$250,000 initial CEPPT contribution for Utility, $200,000 initial CEPPT contribution for Fire; at least $25,000 CERBT contribution for Fire and $25,000 for Utility in FY2027

Vendor

CALPERS

Agency

Olympic Valley Public Service District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

June 1, 2026

Renewal Info

Ongoing pension and OPEB trust relationships with CalPERS; annual contributions and any reimbursements are reconsidered each year upon receipt of updated actuarial valuations.

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