PARS, PRSP and the Power of PrefundingCategories: California Developments,PARS News,Pension Rate Stabilization
With pensions being the hot button topic of the moment and over $1 trillion dollars across the US in unfunded liabilities, we’ve asked public retirement experts PARS to weigh in on the matter. This well-respected, innovative company established over 30 years ago to exclusively serve public agencies, has, true to form, introduced a new, first-of-its-kind solution to the marketplace.read more...
Rhode Island Insurer Makes Case for PARS-Administered OPEB TrustCategories: New England Developments,OPEB/GASB 45/75,PARS News
Colleen Bodziony from the Rhode Island Interlocal Risk Management Trust presented the councilors and school board with facts and figures for an irrevocable trust that only would stockpile money to pay for Jamestown's retirement obligations. Compliant with the Governmental Accounting Standards Board and the IRS, the money would be used exclusively for retiree healthcare benefits.read more...