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Oversight committee approves minutes, hears pension and retiree trust reports
Summary
The Los Gatos Town Pension and OPEB Trust Oversight Committee on March 3 approved minutes and received staff reports showing a pension trust balance of $3,234,153.34 (including a $690,000 transfer) and a retiree benefit trust balance of $526,434.78; staff will return in June to discuss trust-provider options or transferring assets to CalPERS.
The Los Gatos Town Pension and OPEB Trust Oversight Committee on March 3, 2026, approved the minutes from its Dec. 2, 2025 meeting and received staff reports on the town’s pension and retiree benefit trusts.
Administrative Services Director Christina Alfaro reported that “the ending balance as of December 31st, 2025 was $3,234,153.34.” She said the town transferred $690,000 to the pension trust on Feb. 24,…
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