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Riverbank approves Section 115 pension stabilization trust participation and $1.5M initial plan setup
City Council of the City of Riverbank · January 14, 2026
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Summary
Council approved the city’s participation in a Section 115 pension stabilization trust and authorized staff to move forward with Keenan and Benefit Trust as the recommended providers, with an initial investment of $1.5 million to help manage the city's $10.2M unfunded accrued liability.
Riverbank — The City Council voted unanimously to authorize staff to establish a Section 115 pension stabilization trust with Keenan and Benefit Trust to help manage the city's CalPERS unfunded accrued liability (UAL). Assistant City Manager Tammy Alcantor…
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