17
Nov
2016

A Not-So-Rosy Update on CalPERS’ Funded Status

Categories: California Developments

Based on the FY 2015/16 investment return of 0.6 percent, far short of the expected rate of 7.5 percent, CalPERS’ overall funded status dropped to about 68 percent. Along with the decline in the funded status, employer contributions will eventually increase in the future to make up for another year of lower than expected returns. Higher employer contribution rates impose significant financial stress for some employers, which may increase the risk that employers will default and be unable to make regular contributions.

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16
Nov
2016

Plymouth County OPEB Trust Program – Designed for YOUR Needs

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

In addition to serving Plymouth County, the Plymouth County OPEB Trust Program (PCOT) is an OPEB prefunding solution for three other counties in Southeastern Massachusetts – Bristol, Barnstable and Norfolk.

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19
Oct
2016

County of Riverside Adopts PARS PRSP

Categories: California Developments,Pension Rate Stabilization

Riverside County is the latest county to adopt the PARS Pension Rate Stabilization Program - Section 115 Trust (PRSP)

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19
Oct
2016

NEW Webinar! Managing Your OPEB and Other Benefit Liabilities

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

Financial and educational experts from PARS, CSBA and School Services of California recently joined together for a special webinar designed for K-12 districts on “Managing Your OPEB and Other Benefit Liabilities”.

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05
Oct
2016

PARS OPEB Trust Program: Great Investment Returns and Low Fees

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

Are you paying more than 0.07% of assets (7 basis points) for investment management? Have investment returns been low or even negative for the last year? If so, the PARS OPEB Trust Program is a great fit for your agency.

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