INSURANCERENEWED

Village of Pelham Board of Trustees Regular Meeting Minutes 2026-05-12

PERMA awarded three-year workers’ compensation contract

$361,811.00 for first year; second and third year contributions formula-basedVillage of PelhamPUBLIC EMPLOYER RISK MANAGEMENT ASSOCIATION INC (PERMA)May 12, 2026

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Description

The Village of Pelham Board renewed its workers’ compensation insurance coverage with Public Employer Risk Management Association, Inc. (PERMA) under a three-year contract running from June 1, 2026 through May 31, 2029. PERMA will receive a first-year contribution of $361,811, with future-year contributions determined by loss experience.

Contract Details

Contract Amount

$361,811.00 for first year; second and third year contributions formula-based

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

Multi-year renewal of workers’ compensation coverage with PERMA from June 1, 2026 to May 31, 2029. Second and third year contributions will be adjusted based on loss ratios defined as incurred losses divided by earned contribution for specified evaluation periods.

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