FINANCIAL_SERVICESONGOING

Piedmont Maintains PARS Pension Stabilization Trust

Piedmont continues its financial services relationship with PARS for the Pension Rate Stabilization Trust, which holds roughly $5 million funded by $3.75 million in City contributions. The City plans to use this trust to offset rising CalPERS pension costs between FY 2027-28 and FY 2029-30.

Status
ONGOING
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
PARS
Agency
City of Piedmont · CA

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Motive logo
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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$3,750,000 (cumulative contributions to date)
Contract type
FINANCIAL_SERVICES
Contract term
Trust established in 2018; ongoing use projected through FY 2029-30
Renewal
Ongoing trust arrangement with PARS established in 2018; no specific renewal date is provided, and the City anticipates drawing down the balance over FY 2027-28 to FY 2029-30.
Document type
Budget
Source document
City of Piedmont Budget FY 2026-27 Proposed Budget 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Piedmont?

PARS was awarded this financial services contract by City of Piedmont, as recorded on May 19, 2026. The contract value is $3,750,000 (cumulative contributions to date).

How much is the PARS contract with City of Piedmont worth?

The PARS contract with City of Piedmont is valued at $3,750,000 (cumulative contributions to date), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Piedmont Budget FY 2026-27 Proposed Budget 2026-05-19 (Budget), dated May 19, 2026 from City of Piedmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PARS hold?

PARS 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 PARS's profile

What is City of Piedmont currently buying?

Explore City of Piedmont's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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