FINANCIAL_SERVICESAPPROVED

City of Twentynine Palms Awards Financial Services Contract to Public Agency Retirement Services (pars) (June 2026)

Twentynine Palms plans to formalize its pension prefunding strategy by selecting a Balanced-Strategic Blend investment allocation for its PARS Section 115 Pension Trust and contributing $231,525.70 into the trust. The City Manager would be authorized to execute all documents with Public Agency Retirement Services to implement the investment strategy and contributions.

Status
APPROVED
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Public Agency Retirement Services (pars)
Agency
City of Twentynine Palms · CA

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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
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
$231,525.70 initial pension contribution (from OPEB reimbursement)
Contract type
FINANCIAL_SERVICES
Renewal
Existing Section 115 Combination Trust with PARS continues; this action adds a Balanced-Strategic Blend strategy for the pension subaccount and begins recurring prefunding contributions tied initially to OPEB trust reimbursements.
Document type
Agenda
Source document
Twentynine Palms City Council Regular Meeting Agenda 2026-06-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Twentynine Palms?

Public Agency Retirement Services (pars) was awarded this financial services contract by City of Twentynine Palms, as recorded on June 23, 2026. The contract value is $231,525.70 initial pension contribution (from OPEB reimbursement).

How much is the Public Agency Retirement Services (pars) contract with City of Twentynine Palms worth?

The Public Agency Retirement Services (pars) contract with City of Twentynine Palms is valued at $231,525.70 initial pension contribution (from OPEB reimbursement), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Twentynine Palms City Council Regular Meeting Agenda 2026-06-23 (Agenda), dated June 23, 2026 from City of Twentynine Palms. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

View Public Agency Retirement Services (pars)'s profile

What is City of Twentynine Palms currently buying?

Explore City of Twentynine Palms's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Twentynine Palms's profile

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