CONTRACTDISCUSSSED

Atherton Considers $2 Million CalPERS Pension Payment

Disclosed value: $2,000,000; From agendapacket
Document date: Nov 4, 2026
Renews: Mar 2027; Free account

What it covers

Atherton staff recommended a $2 million Additional Discretionary Payment to CalPERS for the Town's Miscellaneous Classic Plan pension liability. The payment is planned for June 30, 2027, with savings and amortization depending on the alternative selected by the Council.

Who holds it

CALPERS holds this financial services contract with Town of Atherton. Its other public contracts on record include work for Central Basin Municipal Water District and Tahoe City Public Utility District.

What happens next

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Contract details

Contract type: Financial Services
Amount: $2,000,000
Document date: November 4, 2026
Term: Payment modeled for June 30, 2027; Alternative 3 would amortize the remaining balance over 10 years through FY 2036/37
Renews: On record
Vendor: CALPERS
Agency: Town of Atherton
Source document: Town of Atherton AgendaPacket Special Meeting - Study Session 2026-11-04 (AgendaPacket)

CALPERS's other public contracts

Central Basin Municipal Water District, CaliforniaCalPERS Unfunded Liability Payment Recommended · Nov 7, 2026$84.1K Tahoe City Public Utility District, CaliforniaTahoe City Maintains Ongoing CalPERS Retirement Agreement · Nov 7, 2026Undisclosed Town of Los Altos Hills, CaliforniaLos Altos Hills Reports CalPERS Benefit Payment · Nov 7, 2026$112.6K City of Newport Beach, CaliforniaNewport Beach Recommends Continued CalPERS Pension Payments · Nov 7, 2026 Town of Los Gatos, CaliforniaFinance Commission Considers Additional CalPERS Payment · Nov 7, 2026Undisclosed All CALPERS contractsVendor profile

More Town of Atherton contracts

Player CapitalCommittee Discusses Future Player Capital Agreement Renewal · Nov 4, 2026Undisclosed MCEMCE Provides Task-Order Facility Support at Park · Nov 4, 2026Undisclosed Brightview LandscapingBrightView Landscaping Continues Park Maintenance Services · Nov 4, 2026Undisclosed Menlo Atherton Little LeagueMenlo Atherton Little League Maintains Willie Mays Field · Nov 4, 2026Undisclosed CALPERSAtherton Made $3 Million CalPERS Payment in 2025 · Nov 4, 2026$3 million All Town of Atherton activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of Atherton?

CALPERS was awarded this financial services contract by Town of Atherton, as recorded on November 4, 2026. The contract value is $2,000,000.

How much is the CALPERS contract with Town of Atherton worth?

The CALPERS contract with Town of Atherton is valued at $2,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Atherton AgendaPacket Special Meeting - Study Session 2026-11-04 (AgendaPacket), dated November 4, 2026 from Town of Atherton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does CALPERS hold?

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 Town of Atherton currently buying?

Explore Town of Atherton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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