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FINANCIAL_SERVICESREJECTED

Antelope Valley Community College District Board Meeting Agenda 2026-05-11

Board Rejects PARS Pension Stabilization Trust Proposal

$7,300,000Antelope Valley CollegePUBLIC AGENCY RETIREMENT SERVICES PARSMay 11, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Description

The Board declined to approve a proposed agreement with Public Agency Retirement Services to establish a $7.3 million pension stabilization trust using Retirement Benefits Fund monies. The failed resolution would have created a PARS-administered post-employment benefits trust and designated the Vice President of Administrative Services as trust administrator.

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

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