Pismo Beach Makes $6 Million in CalPERS Payments
City of Pismo BeachCity · Pismo Beach, CA- Disclosed value
- $6.0 million in additional discretionary payments since 2015, including $1,000,000 in FY 2015, $2,000,000 in FY 2018, $1,000,000 in FY 2022, $1,000,000 in FY 2024, and $1,000,000 in FY 2026
- From staffreport
- Document date
- Oct 20, 2026
- Term
- FY 2015 through FY 2026
The 30-second brief
Pismo Beach has made $6.0 million in additional discretionary payments to CalPERS since 2015 to reduce its unfunded pension liability. The payments are estimated to avoid approximately $6.1 million in cumulative interest costs through FY 2042.
California Public Employees’ Retirement System (Calpers) holds this financial services contract with City of Pismo Beach. Its other public contracts on record include work for City of Santa Fe Springs and City of La Habra Heights.
Term as filed: FY 2015 through FY 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- $6.0 million in additional discretionary payments since 2015, including $1,000,000 in FY 2015, $2,000,000 in FY 2018, $1,000,000 in FY 2022, $1,000,000 in FY 2024, and $1,000,000 in FY 2026
- Document date
- October 20, 2026
- Term
- FY 2015 through FY 2026
- Agency
- City of Pismo Beach
- Source document
- City of Pismo Beach Staff Report California Public Employees' Retirement System (CalPERS) Pension Funding and Unfunded Accrued Liability Status 2026-10-20 (StaffReport)
California Public Employees’ Retirement System (Calpers)'s other public contracts
More City of Pismo Beach contracts
Questions about this contract
Who was awarded the financial services contract by City of Pismo Beach?
California Public Employees’ Retirement System (Calpers) was awarded this financial services contract by City of Pismo Beach, as recorded on October 20, 2026. The contract value is $6.0 million in additional discretionary payments since 2015, including $1,000,000 in FY 2015, $2,000,000 in FY 2018, $1,000,000 in FY 2022, $1,000,000 in FY 2024, and $1,000,000 in FY 2026.
How much is the California Public Employees’ Retirement System (Calpers) contract with City of Pismo Beach worth?
The California Public Employees’ Retirement System (Calpers) contract with City of Pismo Beach is valued at $6.0 million in additional discretionary payments since 2015, including $1,000,000 in FY 2015, $2,000,000 in FY 2018, $1,000,000 in FY 2022, $1,000,000 in FY 2024, and $1,000,000 in FY 2026, 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 Pismo Beach Staff Report California Public Employees' Retirement System (CalPERS) Pension Funding and Unfunded Accrued Liability Status 2026-10-20 (StaffReport), dated October 20, 2026 from City of Pismo Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is City of Pismo Beach currently buying?
Explore City of Pismo Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.