FINANCIAL_SERVICESAPPROVED

San Jose City College Awards Financial Services Contract to Public Agency Retirement Services (pars) (July 2026)

The Board adopted Resolution 072126-02 to establish a PARS-administered Section 115 Pension Rate Stabilization Trust, initially funded with $4.8 million to help pre-fund CalSTRS and CalPERS obligations. PARS will administer the multi-employer trust, with U.S. Bank as trustee, to improve long-term pension cost management.

Status
APPROVED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Public Agency Retirement Services (pars)
Agency
San Jose City College · CA

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Initial funding of $4,800,000 (trust contribution); administrative and investment fees not specified
Contract type
FINANCIAL_SERVICES
Contract term
Ongoing Section 115 trust (Pension Rate Stabilization Program)
Renewal
Trust arrangement is ongoing; specific administrative agreement terms and renewal provisions are contained in the attached draft agreements.
Document type
Agenda
Source document
San Jose City College Governing Board Meeting Agenda 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by San Jose City College?

Public Agency Retirement Services (pars) was awarded this financial services contract by San Jose City College, as recorded on July 21, 2026. The contract value is Initial funding of $4,800,000 (trust contribution); administrative and investment fees not specified.

How much is the Public Agency Retirement Services (pars) contract with San Jose City College worth?

The Public Agency Retirement Services (pars) contract with San Jose City College is valued at Initial funding of $4,800,000 (trust contribution); administrative and investment fees not specified, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in San Jose City College Governing Board Meeting Agenda 2026-07-21 (Agenda), dated July 21, 2026 from San Jose City College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Public Agency Retirement Services (pars) hold?

Public Agency Retirement Services (pars) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Public Agency Retirement Services (pars)'s profile

What is San Jose City College currently buying?

Explore San Jose City College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View San Jose City College's profile

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