July, 2019

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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