Additional Discretionary Payment Deadlines For Fiscal Year 2025-26
June 8, 2026
Circular Letter: 200-025-26
Topic: Actuarial
To: All Public Agency Employers
Purpose
The purpose of this Circular Letter is to inform you of the deadlines related to Additional Discretionary Payments (ADP) toward your unfunded accrued liability (UAL) for fiscal year (FY) 2025-26.
Background
Additional Discretionary Payments (ADP), together with your required UAL payment, may better accomplish your agency’s specific objectives regarding either smoothing out projected future payments or achieving a greater reduction in UAL than would otherwise occur when making only the minimum required payment. These additional payments are allowed at any time and may also result in significant long-term savings.
ADPs received in FY 2025-26 can reduce the required UAL payment for FY 2026-27. If you would like to use an ADP to reduce your FY 2026-27 required UAL payment, the ADP must be received no later than June 24, 2026.
Payment Timing and Methods
To initiate the process, contact your CalPERS actuary to prepare your invoice. Payments can be made by Electronic Funds Transfer (EFT) through myCalPERS or by wire transfer through the State Treasurer’s Office.
| Payment Method | Payment Instructions |
|---|---|
| EFT Through myCalPERS | Email FCSD_Public_Agency_Wires@calpers.ca.gov at least two business days prior to the payment date. A receivable in the amount of the payment will be established. Once notified that the receivable has been established, sign in to myCalPERS and submit payment via EFT. |
| Wire Transfer | Contact FCSD_Cashiers@calpers.ca.gov for banking information. Note: Any individual wire of $5 million or more requires a 72-hour notice. |
Additional Resources
For additional information on EFT and automated clearing house payment options, refer to the myCalPERS Electronic Funds Transfer (PDF, 2.24 MB) student guide located on the CalPERS website.
Questions
Call your CalPERS actuary to learn more or contact the CalPERS Customer Contact Center at 888 CalPERS (or 888-225-7377888-225-7377).
Scott Terando, Chief Actuary
CalPERS Actuarial Office