Public Safety Personnel Retirement System (PSPRS) in Arizona Offering New Pension Trust Program, Administered by PARSCategories: 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.read more...
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.read more...
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.read more...
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
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.read more...