Besides the fiscal prudence of dedicating funds for future retiree healthcare using a Section 115 trust, the other compelling function is the ability to diversify investments. Unlike the general fund, state laws allows Section 115 trusts greater

PARS Section 115 Combination Trust, in partnership with U.S. Bank and Vanguard, is an innovative, first-of-its kind tool for local governments and school districts to plan ahead and set aside funds for long-term retiree healthcare (OPEB) and/or

This year, Big Spring School District in Pennsylvania implemented a PARS Voluntary Separation Incentive, resulting in 16 teacher retirements and over $2.3 million in budgetary savings over the next 5 years due to attritional savings and strategically not replacing several positions.

Are you considering establishing a trust to set aside funds to manage and reduce your OPEB (retiree healthcare) liabilities? If so, it is important to set up the trust in the right way – to make sure it

  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