City of Auburn Awards Financial Services Contract to Public Agency Retirement Services Pars (April 2026)
City of AuburnCity · Auburn, CA- Disclosed value
- Approximately $6,000 per year (asset-based fee 0.25%–0.10% on $1 million initial investment)
- From staffreport
- Approved
- Apr 13, 2026
- Renews
- Free account
The 30-second brief
The City of Auburn approved participation in the PARS Public Agencies Post-Employment Benefits Trust and authorized a professional services agreement with Public Agency Retirement Services (PARS) to administer a Section 115 trust for pension and OPEB prefunding. The agreement, initially supporting a $1 million investment, carries an estimated $6,000 per year asset-based fee over an initial three-year term starting April 13, 2026.
Public Agency Retirement Services Pars holds this financial services contract with City of Auburn. Its other public contracts on record include work for county OF SONOMA and Southgate Recreation & Park District.
The renewal date is on record. A free account shows it, with the renewals for every City of Auburn contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $6,000 per year (asset-based fee 0.25%–0.10% on $1 million initial investment)
- Document date
- April 13, 2026
- Term
- April 13, 2026 – April 13, 2029, with automatic continuation while City assets remain in the PARS Trust
- Renews
- Free account
- Agency
- City of Auburn
- Source document
- City of Auburn Staff Report Establish PARS Public Agencies Post-Employment Benefits Trust 2026-04-13 (StaffReport)
Public Agency Retirement Services Pars's other public contracts
More City of Auburn contracts
Questions about this contract
Who was awarded the financial services contract by City of Auburn?
Public Agency Retirement Services Pars was awarded this financial services contract by City of Auburn, as recorded on April 13, 2026. The contract value is Approximately $6,000 per year (asset-based fee 0.25%–0.10% on $1 million initial investment).
How much is the Public Agency Retirement Services Pars contract with City of Auburn worth?
The Public Agency Retirement Services Pars contract with City of Auburn is valued at Approximately $6,000 per year (asset-based fee 0.25%–0.10% on $1 million initial investment), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in City of Auburn Staff Report Establish PARS Public Agencies Post-Employment Benefits Trust 2026-04-13 (StaffReport), dated April 13, 2026 from City of Auburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Public Agency Retirement Services Pars hold?
Public Agency Retirement Services 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.
What is City of Auburn currently buying?
Explore City of Auburn's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.