Hot Sheets

22
Feb
2016

Lemon Grove School District Becomes Latest District to Join PARS Pension Rate Stabilization Program (PRSP)

Categories: California Developments,Hot Sheets,Pension Rate Stabilization

In early September 2015, Lemon Grove School District passed a resolution to become the first school district to join the PARS Pension Rate Stabilization Program and can now move money in the general fund over to the trust to be diversified and grown to offset their pension liabilities.

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10
Feb
2016

Cities of Coronado & Healdsburg Join the PARS Pension Rate Stabilization Program (PRSP)

Categories: California Developments,Hot Sheets,Pension Rate Stabilization

The cities of Coronado and Healdsburg became two of the latest municipalities to join the rapidly growing PARS Pension Rate Stabilization Program (PRSP); where funds can be set aside and invested to reduce liabilities and address pension obligations all while remaining under local control and discretion of the city. This innovative Section 115 multiple-employer trust helps cities prepare for future pension fund rate increases, at a risk tolerance level that aligns with their demographics and investment policies.

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