PARS NEWS

30 Jun 2026

City of Wildomar Establishes Pension Trust

PARS is pleased to welcome California’s City of Wildomar to the PARS Pension Rate Stabilization Program (PRSP)! Wildomar now joins 23 Riverside County agencies committed to proactive pension management through the PARS IRC Section 115 Trust. The City has taken a significant step toward long-term financial stability by contributing approximately $1.3 million from its reserve fund into […]

Public Pension Challenges: The Role of the Section 115 Trust in Risk Mitigation and Strategic Financial Planning

Strategic financial management in local government revolves around the intricate balance of maximizing revenues and judiciously controlling expenses. This delicate equilibrium is crucial for enabling transparent, future-oriented financial planning, providing for resiliency, and ensuring consistent financial resources for improving levels of services provided to citizens. To safeguard this balance, risk mitigation becomes imperative, acting as […]

Making Cents of Implicit Subsidy Liabilities: An Imperative Case for Pre-Funding OPEB in Texas

In the complex landscape of municipal finance, unique challenges constantly arise. Among these, a particularly significant concern for Texas municipalities pertains to Other Post-Employment Benefits (OPEB), specifically the implicit subsidy liabilities. This financial quandary emerges when active employees and retirees share the same healthcare plan, inadvertently leading to inflated average costs for the employer.