
New England Developments
Nov
2021
No Set-up Cost of an IRC Section 115 Trust with PARS
Categories: National Developments,New England Developments,OPEB/GASB 45/75PARS 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...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 DevelopmentsThis 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...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 NewsAre 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...Jun
2021
Pension & OPEB in One Trust
Categories: National Developments,New England Developments,OPEB/GASB 45/75,PARS News,Pension Rate StabilizationThe 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.
read more...May
2021
PARS, U.S. Bank and Vanguard – the leading team in OPEB Trust Management
Categories: New England Developments,OPEB/GASB 45/75,PARS NewsTurn-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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