City of Santa Monica City Council Meeting Agenda 2026-05-26
Delegated Authority Updated for CERBT Fund Distributions
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Description
Santa Monica plans to update delegated authority for City financial officers to manage distributions from the California Employers’ Retirement Benefit Trust (CERBT) fund. The action supports ongoing administration of retiree benefit liabilities through the CERBT program.
Contract Details
Vendor
CALIFORNIA EMPLOYERS’ RETIREMENT BENEFIT TRUST (CERBT)
Agency
Housing Authority of the city of Santa Monica, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Ongoing participation in the CERBT fund with updated internal delegation of authority; no discrete renewal date is specified in the agenda.
Issuing Agency
Housing Authority of the city of Santa Monica
Local Housing Authority
Santa Monica, CA
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