October, 2015

15
Oct
2015

Rhode Island Trust OPEB Funding Program is Off to a Great Start

Categories: New England Developments,OPEB/GASB 45/75,PARS In the News

The Trust's OPEB Funding Program is off to a great start with 14 new Members with a number of other entities interested in joining The Trust OPEB Funding Program in the coming months. To date, Member entities have contributed more than $13.9 million toward their OPEB liabilities through The Trust OPEB Funding Program.

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14
Oct
2015

San Marcos, TX Adopts the PARS FICA Alternative Plan

Categories: Hot Sheets,Texas Developments

With its community growing, City of San Marcos officials searched for ways to add much needed personnel to meet demands on service in a way that would also help support the City’s financial health. The PARS FICA Alternative to Social Security Plan provided the City an appealing and cost-effective way to offer part-time, seasonal and temporary workers nice retirement benefits with advantages that Social Security does not currently provide.

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13
Oct
2015

CalPERS Aims to Lower Investment Risks, May Prompt Contribution Increases

Categories: California Developments

CalPERS is about to roll out an unusual new investment policy that could reduce risks but also lower its portfolio’s profitability. The new policy, to be discussed next week by members of CalPERS’ governing board, could prove controversial. Reducing profits could prompt the California Public Employees’ Retirement System to once again impose higher contribution rates on the state and on local governments.

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