PARS NEWS
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 […]
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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.