CONTRACTONGOING

City Manager Covered Under CalPERS Retirement

City of Indio logoCity of Indio
Document date
May 13, 2021

The 30-second brief

What it covers

Under the employment agreement, the City of Indio continues its participation with the California Public Employees' Retirement System (CalPERS) for the City Manager position, applying the classic 2.7% @55 formula. The Employee pays all member contributions in accordance with CalPERS contracts and state law.

Who holds it

California Public Employees' Retirement System (Pers) holds this financial services contract with City of Indio. Its other public contracts on record include work for City of South Lake Tahoe.

What happens next

Term as filed: Ongoing during Employee’s covered employment as a classic member under 2.7% @55 formula.

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Contract details

Contract type
Financial Services
Document date
May 13, 2021
Term
Ongoing during Employee’s covered employment as a classic member under 2.7% @55 formula
Vendor
California Public Employees' Retirement System (Pers)
Source document
city_manager_employment_agreement_city_of_indio_an.pdf (Agreement)

California Public Employees' Retirement System (Pers)'s other public contracts

More City of Indio contracts

Questions about this contract

Who was awarded the financial services contract by City of Indio?

California Public Employees' Retirement System (Pers) was awarded this financial services contract by City of Indio, as recorded on May 13, 2021.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in city_manager_employment_agreement_city_of_indio_an.pdf (Agreement), dated May 13, 2021 from City of Indio. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What is City of Indio currently buying?

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