FINANCIAL_SERVICESONGOING

Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027

District Strengthens PERS Position With Side Accounts and Payoff

$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 2024Sisters-Camp Sherman Rural Fire Protection DistrictOREGON PUBLIC EMPLOYEES RETIREMENT SYSTEMMay 4, 2026

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Description

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.

Contract Details

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

Vendor

OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM

Agency

Sisters-Camp Sherman Rural Fire Protection District, OR

Contract Type

FINANCIAL_SERVICES

Document Date

May 4, 2026

Contract Term

Ongoing retirement system participation; side account and rate pool arrangements active through current and future valuation cycles

Renewal Info

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.

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