July, 2015

30
Jul
2015

PARS Earns IRS Private Letter Ruling for Its Pension Pre-Funding Solution

Categories: National Developments,PARS In the News,Pension Rate Stabilization

PARS, a leading provider of local government controlled retirement programs, has received a first of its kind Private Letter Ruling from the Internal Revenue Service (IRS) for its pension pre-funding solution, the Pension Rate Stabilization Program (PRSP).

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28
Jul
2015

PARS OPEB Trust Now Offering Low-Cost Vanguard Funds In New England

Categories: Hot Sheets,New England Developments,OPEB/GASB 45/75

Public Agency Retirement Services (PARS), one of the fastest growing OPEB trust providers in New England, has partnered with investment pioneer Vanguard to offer members of the PARS OPEB Trust Program some of the best performing and lowest cost investment pools available for OPEB pre-funding.

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28
Jul
2015

Humboldt County Working to Pay Off $220M Pension Liability

Categories: California Developments,PARS In the News,Pension Rate Stabilization

The Humboldt County Board of Supervisors took a first step to repay the $220 million the county owes to the California Public Employees Retirement System, by working to form a trust fund for that purpose. The trust fund option through PARS will allow the county to contribute funds when it has the funding available and allow it to use the trust fund to pay CalPERS if the county’s revenue stream takes a hit.

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15
Jul
2015

Victoria College in Texas Reduces Budget with PARS Separation Incentive Plan

Categories: Early Retirement Incentives,Hot Sheets,Texas Developments

Victoria College was looking for a way to reduce its budget and restructure staffing in a positive way. While looking for solutions, the College learned about the PARS Tax Deferred Separation Incentive Plan (SIP).

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13
Jul
2015

The Funding of State and Local Pensions: 2014-2018

Categories: National Developments,OPEB/GASB 45/75

A new research brief on State and Local Pension Plans was released by the Center for Retirement Research at Boston College.

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