FINANCIAL_SERVICESONGOING

Sausalito-Marin City Sanitary District AgendaPacket Special Board Meeting 2026-05-12

District Continues Pension Obligations Through CalPERS

$3,000,000 lump-sum pension contribution (May 2022) plus ongoing required contributionsSausalito-Marin City Sanitary DistrictCALPERSMay 12, 2026

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Description

The Sausalito-Marin City Sanitary District maintains its participation in CalPERS for employee pensions, including a $3 million lump-sum contribution made in May 2022 to reduce unfunded liabilities. Future annual UAL payments will be supported by the District’s prefunding trust.

Contract Details

Contract Amount

$3,000,000 lump-sum pension contribution (May 2022) plus ongoing required contributions

Vendor

CALPERS

Agency

Sausalito-Marin City Sanitary District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

May 12, 2026

Renewal Info

Ongoing participation in the CalPERS system under existing contracts; no explicit renewal date specified.

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Issuing Agency

Sausalito-Marin City Sanitary District

Special District

Sausalito, CA

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Vendor