September, 2019

23
Sep
2019

You Don’t Have to Give Up Control When Prefunding Pension

Categories: California Developments,PARS News,Pension Rate Stabilization

As cities and other public agencies look for ways to address growing pension costs and liabilities, prefunding into an Internal Revenue Service (IRC) Section 115 trust has become a popular option. The basic approach involves setting aside dedicated funds into the trust, which are then diversified with the potential to earn a greater rate of return than the general fund. However, not all 115 trust programs are created equal.

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