City Plans Section 115 Pension Trust With PFM

The Finance Department recommends the Santa Rosa City Council approve an Adoption Agreement with PFM Asset Management LLC to establish and administer a Section 115 Post-Employment Benefits Trust. The City would make an initial $14.4 million deposit from General Fund and water enterprise reserves to pre-fund CalPERS pension obligations.

Scope & details

The full contract record, as filed.

Contract amount

Initial deposit of $14,400,000 to Trust

Contract type

FINANCIAL_SERVICES

Document type

Agenda

Source document

City of Santa Rosa Agenda 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Santa Rosa?

Pfm Asset Management Llc (pfmam) was awarded this financial services contract by City of Santa Rosa, as recorded on July 28, 2026. The contract value is Initial deposit of $14,400,000 to Trust.

How much is the Pfm Asset Management Llc (pfmam) contract with City of Santa Rosa worth?

The Pfm Asset Management Llc (pfmam) contract with City of Santa Rosa is valued at Initial deposit of $14,400,000 to Trust, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Santa Rosa Agenda 2026-07-28 (Agenda), dated July 28, 2026 from City of Santa Rosa. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pfm Asset Management Llc (pfmam) hold?

Pfm Asset Management Llc (pfmam) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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