FINANCIAL_SERVICESONGOING

District Strengthens PERS Position With Side Accounts and Payoff

Sisters-Camp Sherman Fire District maintains its participation with the Oregon Public Employees Retirement System and has invested a total of $3 million into a PERS side account, including $600,000 in state Employer Incentive Fund matches, while also paying off a $1.44 million transition liability in 2024. These financial arrangements significantly reduce long-term pension contribution rates for the District.

Status
ONGOING
Document date
May 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Oregon Public Employees Retirement System
Agency
Sisters-Camp Sherman Rural Fire Protection District · OR

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Derivita logo
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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

Scope & details

The full contract record, as filed.

Contract amount
$1,200,000 initial side account deposit plus $300,000 EIF match in 2019; $1,200,000 additional deposit plus $300,000 EIF match in FY 2025/26; $1,443,691 transition liability payoff in August 2024
Contract type
FINANCIAL_SERVICES
Contract term
Ongoing retirement system participation; side account and rate pool arrangements active through current and future valuation cycles
Renewal
Ongoing statutory participation in PERS; side account deposits made in 2019 and FY 2025/26 with EIF matches; SLGRP transition liability fully repaid in August 2024; future employer contribution rates reflect these actions through upcoming rate cycles.
Document type
Budget
Source document
Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Sisters-Camp Sherman Rural Fire Protection District?

Oregon Public Employees Retirement System was awarded this financial services contract by Sisters-Camp Sherman Rural Fire Protection District, as recorded on May 4, 2026. The contract value is $1,200,000 initial side account deposit plus $300,000 EIF match in 2019; $1,200,000 additional deposit plus $300,000 EIF match in FY 2025/26; $1,443,691 transition liability payoff in August 2024.

How much is the Oregon Public Employees Retirement System contract with Sisters-Camp Sherman Rural Fire Protection District worth?

The Oregon Public Employees Retirement System contract with Sisters-Camp Sherman Rural Fire Protection District is valued at $1,200,000 initial side account deposit plus $300,000 EIF match in 2019; $1,200,000 additional deposit plus $300,000 EIF match in FY 2025/26; $1,443,691 transition liability payoff in August 2024, 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 Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027 (Budget), dated May 4, 2026 from Sisters-Camp Sherman Rural Fire Protection District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oregon Public Employees Retirement System hold?

Oregon Public Employees Retirement System 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 Oregon Public Employees Retirement System's profile

What is Sisters-Camp Sherman Rural Fire Protection District currently buying?

Explore Sisters-Camp Sherman Rural Fire Protection District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Sisters-Camp Sherman Rural Fire Protection District's profile

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