FINANCIAL_SERVICESONGOING

City of Palos Verdes Estates Adopted Budget Fiscal Year 2026-27

City Increases CalPERS UAL Prepayment to $2.0M

$2,013,928City of Palos Verdes EstatesCALPERSMay 26, 2026

Trusted by teams at

Description

Palos Verdes Estates plans a $2,013,928 prepayment toward its CalPERS unfunded accrued liability in FY 2026–27, nearly 10 percent higher than the prior year. This payment supports the City’s long-term pension commitments.

Contract Details

Contract Amount

$2,013,928

Vendor

CALPERS

Agency

City of Palos Verdes Estates, CA

Contract Type

FINANCIAL_SERVICES

Document Date

May 26, 2026

Contract Term

Fiscal Year 2026–27

Renewal Date

2027-06-30

Renewal Info

CalPERS participation is an ongoing statutory arrangement; the UAL prepayment is budgeted annually and will be reassessed in future fiscal years.

Related Contracts

Cordova Recreation & Park District Agenda 2026-06-17

APPROVED

Cordova Recreation And Park District (California)not to exceed $520,000June 17, 2026

City of Mill Valley Staff Report 2026-2028 Two-Year Budget and Financial Management Report 2026-06-15

ONGOING

City of Mill Valley (California)Roughly $5,000,000/year; peak $6,800,000/year in 2031June 15, 2026

San Miguel Consolidated Fire Protection District Agenda Regular Meeting 2026-06-10

PENDING

San Ramon Valley Fire Protection District (California)June 10, 2026

City of Santa Rosa City Council Regular Meeting Agenda 2026-06-02

AMENDED

Santa Rosa Water (California)Use of $26 million in restricted pension funds; total UAL $482 millionJune 2, 2026

City of Santa Rosa City Council Regular Meeting Agenda 2026-06-02

Issuing Agency