December, 2020

03
Dec
2020

First-of-its-kind Section 115 Pension Pre-funding Trust Now Offered in Florida

Categories: National Developments,PARS News,Pension Rate Stabilization

Public Agency Retirement Services (PARS) is excited to bring to Florida local governments for the first time our unique, IRS-approved Pension Prefunding Trust Program, in partnership with Vanguard and U.S. Bank. PARS pioneered the trust concept in 2015 with the first IRS Private Letter Ruling on a multiple employer Section 115 trust for local governments to set aside funds for future pension costs and/or retiree healthcare costs (OPEB).

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01
Dec
2020

Managing Pension Costs in Arizona with a Section 115 Prefunding Trust, POBs or COPs

Categories: National Developments,PARS News,Pension Rate Stabilization

Whether issuing Pension Obligation Bonds (POBs) or Certificates of Participation (COPs), an IRS Section 115 PARS Pension Prefunding Trust, in partnership with Vanguard and U.S. Bank, is a great new option in Arizona to address PSPRS, ASRS or any retirement system costs over the long term.

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