Village of Pelham Board of Trustees Regular Meeting Agenda 2026-05-12
Three-Year Workers’ Compensation Contract Renewed with PERMA
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Description
The Village of Pelham Board of Trustees approved a three-year workers’ compensation insurance renewal with PERMA, starting June 1, 2026 and running through May 31, 2029, with an initial-year contribution of $361,811.00. Contributions for subsequent years will be adjusted based on the Village’s loss experience.
Contract Details
Contract Amount
$361,811.00 (first-year contribution; future years variable)
Vendor
PUBLIC EMPLOYER RISK MANAGEMENT ASSOCIATION INC (PERMA)
Agency
Village of Pelham, NY
Contract Type
INSURANCE
Document Date
May 12, 2026
Contract Term
June 1, 2026 through May 31, 2029
Renewal Date
2029-05-31
Renewal Info
Three-year renewal of workers’ compensation coverage from June 1, 2026 through May 31, 2029 under a multiple-year contract option, with the first-year contribution fixed and later years adjusted according to specified loss ratio calculations.
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