City of Paramount City Council Agenda April 28, 2026
Paramount to End CERBT Relationship with CalPERS
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Description
By adopting Resolution 26:011, the City of Paramount intends to discontinue its participation in the California Employers’ Retiree Benefit Trust administered by CalPERS. This action would close out the existing CERBT arrangement as the City transitions its OPEB/Pension assets to a new 115 Trust.
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-administered CERBT will be discontinued upon implementation of the new Shuster Advisory Group-administered 115 Trust.
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