National Developments

24
Nov
2021

To Prefund in a Section 115 Trust or Not: A Greater Potential for Long-Term Earnings May Be the Answer

Categories: National Developments,OPEB/GASB 45/75,PARS News

Besides the fiscal prudence of dedicating funds for future retiree healthcare using a Section 115 trust, the other compelling function is the ability to diversify investments. Unlike the general fund, state laws allows Section 115 trusts greater use of

read more...
24
Nov
2021

No Set-up Cost of an IRC Section 115 Trust with PARS

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

PARS Section 115 Combination Trust, in partnership with U.S. Bank and Vanguard, is an innovative, first-of-its kind tool for local governments and school districts to plan ahead and set aside funds for long-term retiree healthcare (OPEB) and/or retirement system

read more...
17
Nov
2021

Big Spring School District Cuts over $2.3 Million from Budget: PARS Separation Incentive Delivers Big Savings

Categories: Early Retirement Incentives,National Developments,New England Developments

This year, Big Spring School District in Pennsylvania implemented a PARS Voluntary Separation Incentive, resulting in 16 teacher retirements and over $2.3 million in budgetary savings over the next 5 years due to attritional savings and strategically not replacing several positions.

read more...
28
Oct
2021

Is Your OPEB Trust Trustworthy? Ask these three questions to find out…

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

Are you considering establishing a trust to set aside funds to manage and reduce your OPEB (retiree healthcare) liabilities? If so, it is important to set up the trust in the right way – to make sure it is compliant

read more...
22
Jul
2021

Public Safety Personnel Retirement System (PSPRS) in Arizona Offering New Pension Trust Program, Administered by PARS

Categories: National Developments,PARS News,Pension Rate Stabilization

PSPRS launched the Arizona Employers Pension Prefunding Program (AEPPP), a program that enables local governments to accumulate funds to prepare for future pension contributions and obligations. Administered by PARS, the trust program is dedicated solely for prefunding defined benefit plan (pension) costs.

read more...