Marina Coast Water District Agenda Packet 2026-06-15
District Approves CalPERS UAL Prepayment for FY 2027
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Description
The Board approved prepayment of the District’s FY 2026-2027 CalPERS unfunded accrued liability in the amount of $528,943, opting for a discounted lump-sum payment instead of monthly installments. The action is expected to save approximately $17,688 in interest costs while meeting the District’s pension obligations.
Contract Details
Contract Amount
$528,943
Vendor
CALPERS
Agency
Marina Coast Water District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
FY 2026-2027; annual prepayment due by July 31, 2025
Renewal Date
2027-06-30
Renewal Info
Annual unfunded accrued liability payment option; CalPERS offers either monthly payments or a discounted annual prepayment due by July 31 each year.
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