PARS In the News

18
May
2017

Weymouth, MA to Join Plymouth County Trust for Retiree Health Costs

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

The Weymouth town council approved a proposal to enroll Weymouth post retirement health care for municipal employees in the Plymouth County OPEB Trust (PCOT) fund to comply with new financial recording requirements by the Governmental Accounting Standards Board. Councilor-at-large Michael Molisse , chairman of the budget-management committee said, " a lot of work was done and they (PCOT) were highly recommended. I think it will be good."

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26
Apr
2017

PARS Retirement Package entices 35 Moorpark Unified Teachers

Categories: California Developments,Early Retirement Incentives,PARS In the News

At its April 11 meeting, the Moorpart USD board of trustees voted 4-0 to implement the PARS Supplementary Retirement Plan (SRP), a move that will reduce payroll costs and save the district millions over five years.

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02
Mar
2017

Napa Valley USD Saves Millions with PARS Early Retirement Incentive

Categories: California Developments,Early Retirement Incentives,PARS In the News

In December, Napa Valley Unified School District contracted with PARS to devise an incentive program for older teachers and other employees to retire at the end of the school year. A total of 66 district employees (52 teachers), out of 228 who were eligible for it, took the incentive. The District estimates the retirements will save NVUSD nearly $3 million in salaries and benefits next year — and $14.5 million over five years.

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09
Jan
2017

Community College League of California Partners with PARS on Pension Prefunding

Categories: California Developments,PARS In the News,Pension Rate Stabilization

Community College League of California, in partnership with PARS, is offering community college districts the PARS-CCLC Pension Rate Stabilization Program (PRSP) — an innovative IRC Section 115 irrevocable trust designed to prefund pension costs and help districts get ahead of rising STRS/PERS rate increases.

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19
Oct
2016

NEW Webinar! Managing Your OPEB and Other Benefit Liabilities

Categories: OPEB/GASB 45/75,PARS In the News

Financial and educational experts from PARS, CSBA and School Services of California recently joined together for a special webinar designed for K-12 districts on “Managing Your OPEB and Other Benefit Liabilities”.

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