INSURANCEAPPROVED

City of Chico Awards Insurance Contract to Porac Retiree Medical Trust (May 2026)

The City of Chico approved a side letter with the Chico Police Officers Association to continue participation in the PORAC Retiree Medical Trust, requiring $100 monthly pre-tax contributions from both employees and the City for each covered employee. The City will remit contributions via ACH, provide demographic and contribution reporting, and cooperate with Trust audits, while funds remain restricted to retiree health insurance and medical expenses through June 30, 2026.

Status
APPROVED
Document date
May 5, 2026
Contract type
INSURANCE
Vendor
Porac Retiree Medical Trust
Agency
City of Chico · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$100.00 per month employee contribution plus $100.00 per month employer contribution for each participating employee
Contract type
INSURANCE
Contract term
Effective April 9, 2026 through June 30, 2026, with monthly contributions and reporting deadlines tied to each payroll
Renewal date
2026-06-30
Renewal
Side Letter Agreement is an amendment to the 2023 MOU-CPOA and remains in effect until June 30, 2026; any amendments or modifications must be in writing, signed, and dated by both parties. Following renewal or ratification, the executed agreement must be sent electronically to the Trust Office within 14 days, and contact information for responsible persons must be provided.
Document type
Agreement
Source document
City of Chico Agreement Side Letter Agreement regarding Retiree Medical Trust 2026-05-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by City of Chico?

Porac Retiree Medical Trust was awarded this insurance contract by City of Chico, as recorded on May 5, 2026. The contract value is $100.00 per month employee contribution plus $100.00 per month employer contribution for each participating employee.

How much is the Porac Retiree Medical Trust contract with City of Chico worth?

The Porac Retiree Medical Trust contract with City of Chico is valued at $100.00 per month employee contribution plus $100.00 per month employer contribution for each participating employee, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agreement record.

Where was this contract approved?

This contract appears in City of Chico Agreement Side Letter Agreement regarding Retiree Medical Trust 2026-05-05 (Agreement), dated May 5, 2026 from City of Chico. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Porac Retiree Medical Trust hold?

Porac Retiree Medical Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Porac Retiree Medical Trust's profile

What is City of Chico currently buying?

Explore City of Chico's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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