Montecito Fire Protection District Agenda Packet 2026-05-26
District Plans $1.5M PARS OPEB Trust Contribution
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Description
Montecito Fire Protection District’s FY 2026-27 Preliminary Budget includes a $1.5 million discretionary contribution to the PARS Post-Employment Benefits Trust to prefund retiree medical obligations. The Board is also reviewing PARS trust statements for March and April 2026.
Contract Details
Contract Amount
$1,500,000 (discretionary contribution for FY 2026-27)
Vendor
PARS
Agency
Montecito Fire Protection District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
Fiscal Year 2026-27
Renewal Date
2027-06-30
Renewal Info
Ongoing trust administration relationship with PARS; contributions are set annually through the budget process and are not mandatory.
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