To Prefund in a Section 115 Trust or Not: A Greater Potential for Long-Term Earnings May Be the AnswerCategories: National Developments,OPEB/GASB 45/75,PARS News
Besides the fiscal prudence of dedicating funds for future retiree healthcare using a Section 115 trust, the other compelling function is the ability to diversify investments. Unlike the general fund, state laws allows Section 115 trusts greater use ofread more...
No Set-up Cost of an IRC Section 115 Trust with PARSCategories: National Developments,New England Developments,OPEB/GASB 45/75
PARS Section 115 Combination Trust, in partnership with U.S. Bank and Vanguard, is an innovative, first-of-its kind tool for local governments and school districts to plan ahead and set aside funds for long-term retiree healthcare (OPEB) and/or retirement systemread more...
Big Spring School District Cuts over $2.3 Million from Budget: PARS Separation Incentive Delivers Big SavingsCategories: Early Retirement Incentives,National Developments,New England Developments
This year, Big Spring School District in Pennsylvania implemented a PARS Voluntary Separation Incentive, resulting in 16 teacher retirements and over $2.3 million in budgetary savings over the next 5 years due to attritional savings and strategically not replacing several positions.read more...
Is Your OPEB Trust Trustworthy? Ask these three questions to find out…Categories: National Developments,New England Developments,OPEB/GASB 45/75,PARS News
Are you considering establishing a trust to set aside funds to manage and reduce your OPEB (retiree healthcare) liabilities? If so, it is important to set up the trust in the right way – to make sure it is compliantread more...
Closing the Gap on Unfunded Pension LiabilitiesCategories: Uncategorized
For many local governments, pension liabilities alongside rising contribution rates have created a significant strain on the budget. Estimated to total between $4 and 6 trillion nationwide, both state and local agencies are under pressure to address these liabilitiesread more...