23
Oct
2019

PARS Combination Trust Comes to Massachusetts

Categories: New England Developments,OPEB/GASB 45/75,PARS News,Pension Rate Stabilization

Offered in partnership with U.S. Bank and Vanguard, PARS offers the nation’s ONLY IRS Section 115 Post Employment Benefits (PEB) trust, that enables municipalities for the first time to set aside funds for both pension and/or OPEB liabilities in one trust.

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07
Jul
2019

PARS Brings First-of-Its Kind ‘Combination’ Trust to Pennsylvania

Categories: National Developments,OPEB/GASB 45/75,PARS News,Pension Rate Stabilization

On July 1, Public Agency Retirement Services (PARS) introduced Pennsylvania's first IRS-approved, Section 115 Post Employment Benefits (PEB) trust, uniquely designed for the prefunding of both pension and/or OPEB liabilities. PARS pioneered this cutting-edge program in 2015, which has rapidly grown to over 400 public agencies and $2.6 billion in assets.

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17
Apr
2019

Top 10 Reasons to Prefund Your Other Post- Employment Benefits

Categories: California Developments,National Developments,New England Developments,OPEB/GASB 45/75

 

With the introduction of GASB 75 which created increased retiree healthcare liabilities for many agencies throughout Connecticut, now is the time for your municipality or district to start addressing its long-term OPEB obligations.


Listed below are 10 key advantages

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04
Mar
2019

City of Novato Selects PARS to Establish Pension Trust Fund

Categories: PARS News,Pension Rate Stabilization

Last Tuesday, the Novato City Council voted unanimously to select PARS to administer their new Section 115 pension prefunding trust. The move is a first step towards addressing its estimated $30 million in unfunded pension liabilities.

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23
Jan
2019

Implicit OPEB (Retiree Healthcare) Liabilities: It’s Real

Categories: National Developments,OPEB/GASB 45/75

Implicit retiree healthcare or OPEB liabilities are the inherent subsidies that are calculated when a retiree continues to receive coverage under the employer’s group health insurance plan by paying the group premium charged to active employees.

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