FINANCIAL_SERVICESRECOMMENDED

Palo Alto Reviews CalPERS Pension Valuation Reports

Palo Alto staff recommended acceptance of California Public Employees’ Retirement System annual valuation reports for the City’s Miscellaneous and Safety pension plans. The reports project estimated FY 2027-28 employer contributions of $43.8 million, including a $31.1 million unfunded-liability contribution, for the July 1, 2027, through June 30, 2028, fiscal year.

Document date · September 15, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$43,827,116 estimated total employer contribution for FY 2027-28; UAL contribution of $31,091,460 or annual prepayment of $30,085,379
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2027 – June 30, 2028
Renewal date
2028-06-30
Renewal
Annual actuarial valuation reports are issued by CalPERS; the document references recurring annual valuations and projected future contribution requirements.
Document type
StaffReport
Source document
City of Palo Alto StaffReport Baker Tilly Reserves Advisory Report and Recommendation to the City Council of Proposed Policy Updates to the Utilities Reserve Management Practices 2026-09-15

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Palo Alto?

California Public Employees’ Retirement System (calpers) was awarded this financial services contract by City of Palo Alto, as recorded on September 15, 2026. The contract value is $43,827,116 estimated total employer contribution for FY 2027-28; UAL contribution of $31,091,460 or annual prepayment of $30,085,379.

How much is the California Public Employees’ Retirement System (calpers) contract with City of Palo Alto worth?

The California Public Employees’ Retirement System (calpers) contract with City of Palo Alto is valued at $43,827,116 estimated total employer contribution for FY 2027-28; UAL contribution of $31,091,460 or annual prepayment of $30,085,379, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Palo Alto StaffReport Baker Tilly Reserves Advisory Report and Recommendation to the City Council of Proposed Policy Updates to the Utilities Reserve Management Practices 2026-09-15 (StaffReport), dated September 15, 2026 from City of Palo Alto. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Public Employees’ Retirement System (calpers) hold?

California Public Employees’ Retirement System (calpers) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View California Public Employees’ Retirement System (calpers)'s profile

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