OPEB/GASB 45/75

12
Sep
2023

Public Pension Challenges: The Role of the Section 115 Trust in Risk Mitigation and Strategic Financial Planning

Categories: OPEB/GASB 45/75,PARS News,Pension Rate Stabilization

Strategic financial management in local government revolves around the intricate balance of maximizing revenues and judiciously controlling expenses. This delicate equilibrium is crucial for enabling transparent, future-oriented financial planning, providing for resiliency, and ensuring consistent financial resources for improving levels

read more...
31
Jul
2023

Making Cents of Implicit Subsidy Liabilities: An Imperative Case for Pre-Funding OPEB in Texas

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

In the complex landscape of municipal finance, unique challenges constantly arise. Among these, a particularly significant concern for Texas municipalities pertains to Other Post-Employment Benefits (OPEB), specifically the implicit subsidy liabilities. This financial quandary emerges when active employees and

read more...
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...
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...