
Pension Rate Stabilization
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 StabilizationStrategic 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...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 StabilizationPSPRS 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.
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...Jan
2021
Kick off the Year in Arizona with New Trust for Pension Funding
Categories: National Developments,PARS News,Pension Rate StabilizationThe 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.
read more...Dec
2020
First-of-its-kind Section 115 Pension Pre-funding Trust Now Offered in Florida
Categories: National Developments,PARS News,Pension Rate StabilizationPublic 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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