National Developments

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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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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19
Feb
2021

Myth Busting of Retirement & Separation Incentives

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

 

Voluntary retirement and separation incentives have delivered critical fiscal savings and operational efficiencies for thousands of school districts, but they have to be properly analyzed, designed, and implemented by specialists like PARS and used infrequently. Below we break down

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13
Jan
2021

Kick off the Year in Arizona with New Trust for Pension Funding

Categories: National Developments,PARS News,Pension Rate Stabilization

The New year is a time to set new goals and plan for the long-term. One new option for Arizona cities and counties in 2021 is the PARS Pension Prefunding Trust, an IRS Section 115 trust vehicle to set aside funds to help manage PSPRS and ASRS obligations.

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10
Jan
2021

Finding Funds During These Difficult Pandemic Times

Categories: Early Retirement Incentives,National Developments,PARS News

As a former superintendent of 17 years, I have always strived to provide the best education in the most fiscally responsible manner wherever I have been fortunate to lead a district. Regardless, of the socioeconomics of my districts, we were always charged with trying to do more with less. I can only imagine the angst affecting superintendents and school committees during this most trying Covid-19 pandemic. In reading articles from across the country, school districts not only have to face a level or decreased spending budget due to decreased state revenues; but have the burden of adding the expenses necessary to address the pandemic. So, what’s a superintendent to do?

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