12
Aug
2021

Closing the Gap on Unfunded Pension Liabilities

Categories: Uncategorized

  For many local governments, pension liabilities alongside rising contribution rates have created a significant strain on the budget. Estimated to total between $4 and 6 trillion nationwide, both state and local agencies are under pressure

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22
Jul
2021

Public Safety Personnel Retirement System (PSPRS) in Arizona Offering New Pension Trust Program, Administered by PARS

Categories: National Developments,PARS News,Pension Rate Stabilization

PSPRS launched the Arizona Employers Pension Prefunding Program (AEPPP), a program that enables local governments to accumulate funds to prepare for future pension contributions and obligations. Administered by PARS, the trust program is dedicated solely for prefunding defined benefit plan (pension) costs.

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10
Jun
2021

Pension & OPEB in One Trust

Categories: National Developments,New England Developments,OPEB/GASB 45/75,PARS News,Pension Rate Stabilization

The PARS Post Employment Benefits Trust – Offering public agencies a first-of-its-kind Section 115 Post-Employment Benefits Trust to set aside and invest funds for retiree health care (OPEB) and/or pension in one trust, while providing economies of scale for investment, administrative, and trustee services.

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19
May
2021

PARS, U.S. Bank and Vanguard – the leading team in OPEB Trust Management

Categories: New England Developments,OPEB/GASB 45/75,PARS News

Turn-key Solution…Economies of Scale…Industry Leaders – The PARS OPEB Trust brings together the strengths of industry leaders Vanguard and US Bank. Established in 2004 the PARS Section 115 trust was approved by the IRS and received a first of its kind IRS Private Letter Ruling and has grown to over 440 clients and over $5 billion in assets in 11 states.

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10
Apr
2021

Dos and Don’ts of Separation Incentives as a Fiscal Tool for CT School Districts

Categories: Early Retirement Incentives,National Developments,New England Developments,PARS News

A well-crafted separation incentive can be a win-win approach for management and educational employees to achieve fiscal savings, avoid layoffs, and restructure departments or positions. The key to constructing a successful incentive is considering when and how it should be implemented.

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