Town of Los Gatos Finance Commission Agenda Packet 2026-05-11
Town Receives Independent Actuarial Pension Reports
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Description
The Town of Los Gatos continues its engagement with Foster and Foster to prepare independent actuarial reports on the Town’s CalPERS Miscellaneous and Safety pension plans as of June 30, 2024. The reports analyze liabilities, funded status, projected contributions, and policy options but do not authorize new spending.
Contract Details
Vendor
FOSTER AND FOSTER
Agency
Town of Los Gatos, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 11, 2026
Contract Term
Measurement date as of June 30, 2024 for actuarial valuations
Renewal Info
Independent actuarial valuations are performed annually using pension plan data as of June 30; future renewals or extensions of Foster and Foster’s engagement are not specified in this document.
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