New England Developments

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

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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.

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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

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10
Jun
2021

Pension & OPEB in One Trust

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

The PARS Post Employment Benefits Trust - Offering public agencies a first-of-its-kind Section 115 Post-Employment Benefits Trust to set aside and invest funds for retiree health care (OPEB) and/or pension in one trust, while providing economies of scale for investment, administrative, and trustee services.

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19
May
2021

PARS, U.S. Bank and Vanguard – the leading team in OPEB Trust Management

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

Turn-key Solution…Economies of Scale…Industry Leaders – The PARS OPEB Trust brings together the strengths of industry leaders Vanguard and US Bank. Established in 2004 the PARS Section 115 trust was approved by the IRS and received a first of its kind IRS Private Letter Ruling and has grown to over 440 clients and over $5 billion in assets in 11 states.

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