City of Paramount City Council Meeting Agenda Packet May 12, 2026
City Adopts OPEB/Pension Trust with Shuster Advisory
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Description
The City Council adopted Resolution 26:011 to join a Multiple Employer OPEB/Pension 115 Trust administered by Shuster Advisory Group, shifting retiree benefit prefunding from CalPERS CERBT to the new trust structure. This engages Shuster as the City’s OPEB/pension trust administrator.
Contract Details
Vendor
SHUSTER ADVISORY GROUP
Agency
City of Paramount, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
OPEB/Pension 115 Trust established FY 2026–27
Renewal Info
Trust relationship will continue unless the City later elects to change administrators; specific renewal terms are embedded in the trust agreement.
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City of Paramount City Council Meeting Agenda Packet May 12, 2026
City of Paramount City Council Meeting Agenda Packet May 12, 2026
City of Paramount City Council Meeting Agenda Packet May 12, 2026
City of Paramount City Council Meeting Agenda Packet May 12, 2026
City of Paramount City Council Meeting Agenda Packet May 12, 2026
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