PARS NEWS
Pension Announcement: Town of Payson, AZ
PARS is thrilled to welcome the Town of Payson as the newest member of the Arizona Employers Pension Prefunding Program (AEPPP). Our AEPPP is an IRS-approved Section 115 trust designed to help public agencies in Arizona proactively manage and address Public Safety Personnel Retirement System (PSPRS) liabilities. By joining the AEPPP, the Town of Payson is taking a conservative, progressive approach to actively […]
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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.