PARS In the News

28
Jan
2016

Massachusetts’ Dennis-Yarmouth Regional School District joins PCOT

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

The Dennis-Yarmouth Regional School Committee voted to allow the district to join the Plymouth County OPEB Trust Program (PCOT) at its Monday, Jan. 25 meeting.

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15
Oct
2015

Rhode Island Trust OPEB Funding Program is Off to a Great Start

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

The Trust's OPEB Funding Program is off to a great start with 14 new Members with a number of other entities interested in joining The Trust OPEB Funding Program in the coming months. To date, Member entities have contributed more than $13.9 million toward their OPEB liabilities through The Trust OPEB Funding Program.

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30
Jul
2015

PARS Earns IRS Private Letter Ruling for Its Pension Pre-Funding Solution

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

PARS, a leading provider of local government controlled retirement programs, has received a first of its kind Private Letter Ruling from the Internal Revenue Service (IRS) for its pension pre-funding solution, the Pension Rate Stabilization Program (PRSP).

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28
Jul
2015

Humboldt County Working to Pay Off $220M Pension Liability

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

The Humboldt County Board of Supervisors took a first step to repay the $220 million the county owes to the California Public Employees Retirement System, by working to form a trust fund for that purpose. The trust fund option through PARS will allow the county to contribute funds when it has the funding available and allow it to use the trust fund to pay CalPERS if the county’s revenue stream takes a hit.

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09
Jul
2015

Plymouth County, MA Has Better Option for OPEB Worries

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

Plymouth County Treasurer Tom O’Brien recently introduced a new option for local agencies to address OPEB liabilities. The Plymouth County OPEB Trust (PCOT), with trust administration provided by PARS, utilizes a multiple-employer model and is available to communities in Plymouth, Barnstable, Bristol and Norfolk Counties.

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