14
Jun
2018

City of Pleasanton Council Approves New Investment Strategy to Better Address Pension Liability

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

Based on recent CalPERS policy decisions, cities throughout the State are grappling with how to fund pension contributions that were to be covered by CalPERS investment earnings. To help cover those increased costs and maintain more control over City investments, Council authorized participation in the PARS PRSP.

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12
Apr
2018

Introducing A New Innovative OPEB Trust Investment Program

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

Hampshire Council of Governments (HCG) has partnered with PARS, to launch the Western Mass. OPEB Trust, available to all public entities in Berkshire, Franklin, Hampden, Hampshire, and Worcester counties. PARS will serve as Trust Administrator while Vanguard will manage low fee investment pools specially designed for the this program. In addition, the nation’s 5th largest bank, U.S. Bank, will safeguard each members’ assets by serving as corporate trustee/custodian.

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10
Apr
2018

PARS Welcomes Ed Hoyt to Help School Districts in Connecticut

Categories: Early Retirement Incentives,New England Developments

PARS is excited to introduce the newest member of our Connecticut team, Edward Hoyt. Ed has over 35 years of experience working in Connecticut public education and human services and most recently served as the Business Administrator for Orange and Canton Public Schools and Plainville Community Schools.

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20
Feb
2018

City of Escondido Maps Out Pension Liability Plan

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

To combat the unfunded pension liability, the Escondido City Council approved a Section 115 Irrevocable Pension Trust, along with pension funding options and a policy on the use of one-time money. An initial deposit from the Reserve for PERS Rate Smoothing is required to fund the program. Escondido follows in the footsteps of 128 other public agencies in implementing the PARS Pension Rate Stabilization Program.

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