FINANCIAL_SERVICESONGOING

JCBOE Completes Annual $29.6M TRS Pension Contribution

Jefferson County Board of Education contributed $29.6 million to the Retirement Systems of Alabama for the teachers' pension plan for FY2023. The arrangement is statutory and recurring annually.

Status
ONGOING
Document date
April 12, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Retirement Systems of Alabama
Agency
Jefferson County School District · AL

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Board employer contributions: $29,626,284.39 (FY2023 only)
Contract type
FINANCIAL_SERVICES
Contract term
Annual, ongoing
Renewal
Ongoing, no end date. Contribution rates recalculated annually based on actuarial needs and state legislation.
Document type
Report
Source document
jefferson_county_board_of_education_audit_report_a.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Jefferson County School District?

Retirement Systems of Alabama was awarded this financial services contract by Jefferson County School District, as recorded on April 12, 2024. The contract value is Board employer contributions: $29,626,284.39 (FY2023 only).

How much is the Retirement Systems of Alabama contract with Jefferson County School District worth?

The Retirement Systems of Alabama contract with Jefferson County School District is valued at Board employer contributions: $29,626,284.39 (FY2023 only), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in jefferson_county_board_of_education_audit_report_a.pdf (Report), dated April 12, 2024 from Jefferson County School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Retirement Systems of Alabama hold?

Retirement Systems of Alabama may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Retirement Systems of Alabama's profile

What is Jefferson County School District currently buying?

Explore Jefferson County School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Jefferson County School District's profile

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