Paramount City Council Regular Meeting Minutes April 28, 2026
Paramount Ends Participation in CalPERS CERBT Program
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Description
Through Resolution 26:011, the Paramount City Council approved ending the City’s participation in the CalPERS-administered California Employers’ Retiree Benefit Trust (CERBT) as it transitions to a new OPEB/Pension 115 trust. This action modifies the City’s prior retiree benefit funding arrangement with CalPERS.
Contract Details
Vendor
CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (CALPERS)
Agency
City of Paramount, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Renewal Info
City participation in the CalPERS CERBT program is discontinued as part of adopting a new OPEB/Pension 115 Trust.
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