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.read more...
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.read more...
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.read more...
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.read more...
School Services of California by Sheila G. Vickers, November 2017 As state revenues for education are slowing down, and as many schools and community colleges are declining in enrollment, we are hearing from many of youread more...