September, 2020

16
Sep
2020

Despite Palo Alto’s Pension Liabilities Increasing, Prefunding with PARS Aiming to Pay Off 90% in 15 Years

Categories: California Developments,PARS News,Pension Rate Stabilization

The city of Palo Alto’s unfunded pension liability has increased by 4.7% to $476 million. However, that doesn’t reflect the city’s effort to hedge against the liability by putting money into a side trust for pensions. Formally known as a PARS Section 115 Trust Fund, it aims to pay off 90% the city’s unfunded pension liability in 15 years.

read more...

Archive

  • +2020
  • +2019
  • +2018
  • +2017
  • +2016