Board Rejects PARS Pension Stabilization Trust Proposal
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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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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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