Antelope Valley Community College District Board Meeting Agenda 2026-05-11
Board Rejects PARS Pension Trust Adoption
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Description
Trustees rejected a resolution to adopt the Public Agency Retirement Services (PARS) post-employment benefits trust and establish a $7.3 million pension stabilization trust account. The failure of the item leaves existing pension funding arrangements unchanged for now.
Contract Details
Contract Amount
$7,300,000
Vendor
PUBLIC AGENCY RETIREMENT SERVICES (PARS)
Agency
Antelope Valley College, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Proposed 5-12-2026 to 6-30-2029
Renewal Info
Proposed new trust agreement from May 12, 2026 through June 30, 2029 did not receive Board approval; no trust was established.
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Antelope Valley Community College District Board Meeting Agenda 2026-05-11
Antelope Valley Community College District Board Meeting Agenda 2026-05-11
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