PARS NEWS

22 Sep 2026

PARS Meeting Enhanced Demand for Its Supplementary Retirement Plan in California

PARS has had a significant year for its Supplementary Retirement Plan (SRP) program, with over 30 California schools and community college districts implementing plans in 2026. The result of this collaborative process? Over 2,700 employees decided to enroll in their district’s respective SRP program, which will set-up these individuals with meaningful retirement income (in addition […]

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.