MUNICIPAL
Solutions

An IRS-approved Section 115 trust program designed to prefund pension costs and address pension liabilities, our tax-exempt IRS-approved Section 115 trust program helps to mitigate an agency’s long-term contribution rate volatility and reduce long-term costs. Through a diverse range of low-cost, flexible investment options designed by industry leaders, agency assets held within the trust can generate a higher rate of return than a general/reserve fund and can serve as an additional source of pension contribution funds during challenging economic or budgetary periods.

If your agency also offers retiree healthcare (OPEB) benefits, they can be prefunded into the same trust as part of our innovative combination trust. Prefunding both OPEB and pension in one trust brings administrative efficiencies and can result in lower fees as assets accumulate.

Programs offered may vary by state. Contact PARS to learn more.

PARS’ comprehensive IRS and GASB-approved Section 115 trust program is a cost-effective solution for municipal agencies looking to prefund their retiree healthcare liabilities. As one of the largest full-service providers of OPEB Trust services in the nation, we are proud to offer a solution for managing and funding this crucial benefit for your employees.

If your agency also offers pension benefits, they can be prefunded into the same trust as part of our innovative combination trust. Prefunding both OPEB and pension in one trust brings administrative efficiencies and can result in lower fees as assets accumulate.

Programs offered may vary by state. Contact PARS to learn more.

A qualifying FICA (Federal Insurance Contribution Act) alternative plan to Social Security specifically tailored for municipal agencies with part-time, seasonal, and temporary employees. This plan is designed to save public agencies money on payroll costs while providing significant benefits to their participating employees, including 100% immediate vesting, pre-tax contributions, and portability through the ability to rollover account balances to an IRA or another retirement plan.

Programs offered may vary by state. Contact PARS to learn more.

Whether your goals are to reduce pension and labor costs or to attract, retain and reward current employees, PARS can tailor a plan to meet the unique needs of your agency and its employees. Our defined benefit and defined contribution plans offer a variety of flexible benefit designs and can be used to provide the primary benefit for your employees or to supplement an existing retirement system, creating an added layer of benefits for your workforce.

Programs offered may vary by state. Contact PARS to learn more.