FINANCIAL_SERVICESPENDING

Montecito Fire Protection District Board of Directors Meeting Agenda March 2026

$3.5 Million Pension Trust Transfer Proposed

$3,500,000 (transfer to CalPERS)Montecito Fire Protection DistrictPARS (PUBLIC AGENCY RETIREMENT SERVICES)March 22, 2026

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Description

Montecito Fire Protection District plans a $3.5 million transfer from its PARS Pension Trust to CalPERS, matching use of general funds in a $7 million liability reduction effort. Board approval required for trust disbursement.

Contract Details

Contract Amount

$3,500,000 (transfer to CalPERS)

Vendor

PARS (PUBLIC AGENCY RETIREMENT SERVICES)

Agency

Montecito Fire Protection District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

March 22, 2026

Contract Term

Transfer to be executed in Fiscal Year 2025-26 alongside discretionary CalPERS payment

Renewal Date

2026-03-31

Renewal Info

One-time transfer; additional future transfers subject to new Board actions.

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Issuing Agency

Montecito Fire Protection District

Fire District

Santa Barbara, CA

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Vendor