City of Palo Alto AgendaPacket Finance Committee Special Meeting 2026-05-19
City Continues CalPERS Retiree Healthcare Administration
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Description
The City of Palo Alto continues its ongoing retiree healthcare arrangements with CalPERS, which administers the PEMHCA medical plans and the CERBT trust for OPEB. Annual employer contributions are determined by bi-annual actuarial valuations and City funding policy.
Contract Details
Vendor
CALPERS
Agency
City of Palo Alto Regional Water Quality Control Plant, CA
Contract Type
INSURANCE
Document Date
May 19, 2026
Renewal Info
Ongoing participation in CalPERS PEMHCA and CERBT; contributions adjusted biennially based on actuarial valuations and City Retiree Benefits Funding Policy.
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ONGOINGIssuing Agency
City of Palo Alto Regional Water Quality Control Plant
Special District
Palo Alto, CA
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