Pension Rate Stabilization

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

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22
Jul
2021

Public Safety Personnel Retirement System (PSPRS) in Arizona Offering New Pension Trust Program, Administered by PARS

Categories: National Developments,PARS News,Pension Rate Stabilization

PSPRS launched the Arizona Employers Pension Prefunding Program (AEPPP), a program that enables local governments to accumulate funds to prepare for future pension contributions and obligations. Administered by PARS, the trust program is dedicated solely for prefunding defined benefit plan (pension) costs.

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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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13
Jan
2021

Kick off the Year in Arizona with New Trust for Pension Funding

Categories: National Developments,PARS News,Pension Rate Stabilization

The New year is a time to set new goals and plan for the long-term. One new option for Arizona cities and counties in 2021 is the PARS Pension Prefunding Trust, an IRS Section 115 trust vehicle to set aside funds to help manage PSPRS and ASRS obligations.

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03
Dec
2020

First-of-its-kind Section 115 Pension Pre-funding Trust Now Offered in Florida

Categories: National Developments,PARS News,Pension Rate Stabilization

Public Agency Retirement Services (PARS) is excited to bring to Florida local governments for the first time our unique, IRS-approved Pension Prefunding Trust Program, in partnership with Vanguard and U.S. Bank. PARS pioneered the trust concept in 2015 with the first IRS Private Letter Ruling on a multiple employer Section 115 trust for local governments to set aside funds for future pension costs and/or retiree healthcare costs (OPEB).

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