20
Feb
2020

Bright Idea: Allocating Reserves Toward Prefunding Liabilities

Categories: California Developments,OPEB/GASB 45/75,PARS News,Pension Rate Stabilization

The start of the year brings with it new goals, new ideas, and new CAFR reports. With updated CAFR results now published, local governments can make decisions on how to use potential surplus and/or reserve funds in planning  for the next fiscal year.

One highly recommended use of additional money is to set aside funds in a trust to prefund long term liabilities such as pension (Pension Rate Stabilization Program – PRSP) and retiree healthcare (OPEB).

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13
Feb
2020

Philadelphia Parking Authority Fully Funds its OPEB Liability

Categories: National Developments,OPEB/GASB 45/75,PARS News

Due to prudent fiscal planning, the Philadelphia Parking Authority (PPA), became one of the first government entities in Pennsylvania to fully fund its retiree healthcare (OPEB) liability.

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05
Feb
2020

PARS First-of-its-Kind Section 115 Pension Funding Trust Now Offered Nationally

Categories: National Developments,PARS News,Pension Rate Stabilization

PARS is excited to announce the expansion of its unique, IRS-approved Section 115 Pension Rate Stabilization Program across the country. Designed in 2015, this industry-leading program operates separate and apart from an agency’s retirement system, providing local governments with a tool to set aside funds for future pension costs and liabilities.

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31
Jan
2020

The PARS OPEB Trust Program: A Comprehensive Approach for Texas

Categories: OPEB/GASB 45/75,PARS News,Texas Developments

Prefund Your Agency’s OPEB Liabilities Today with Texas’ Most Experienced Full-Service Provider The start of the year is a time to restart the budgeting process. As you start to look at your 2020/21 finances, once highly

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29
Jan
2020

Budgeting for Long Term Financial Success in Pennsylvania

Categories: National Developments,OPEB/GASB 45/75,Pension Rate Stabilization

  The start of the year is a time to restart the budgeting process. As you start to look at your 2020/21 finances, one highly recommended course of action is to set aside funds in a

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