El Monte to prepay $6.07 million in CalPERS unfunded liability for FY 2026–2027
July 08, 2026 | El Monte, Los Angeles County, California
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The El Monte City Council authorized the City to prepay the Unfunded Accrued Liability (UAL) portion of its CalPERS retirement costs for Fiscal Year 2026–2027 at a discounted lump‑sum rate. The minutes record a total payment amount of $6,067,598 and the Council motion was made by Councilmember Martin Herrera and seconded by Mayor Jessica Ancona; the vote was 6-0 (Mayor Pro Tem Longoria absent).
The action directs staff to make the discounted payment to CalPERS and reflects a budget decision intended to reduce long‑term retirement costs. The agenda item text specifies the dollar figure and instructs staff to proceed with the prepayment; no amendments were recorded in the minutes.
The action directs staff to make the discounted payment to CalPERS and reflects a budget decision intended to reduce long‑term retirement costs. The agenda item text specifies the dollar figure and instructs staff to proceed with the prepayment; no amendments were recorded in the minutes.
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