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 the trust, positioning itself exceptionally well to manage future pension liabilities. Through the PARS trust, Wildomar will benefit from enhanced investment flexibility, local control of assets, and a proactive approach to long-term financial planning.
“Establishing a Section 115 Trust allows us to move beyond the constraints of the general fund and adopt a more diversified investment strategy,” said City Manager, Chris Mann. “This approach enhances our ability to achieve stronger long-term returns and better positions Wildomar to meet its pension obligations.”
PARS is honored to support the City of Wildomar’s commitment to tackling its pension liabilities and looks forward to an enduring partnership.
Interested in exploring our Post-Employment Benefits Trust for your agency? Contact our team today.