OPEB/GASB 45/75

07
Oct
2020

PARS Welcomes Former Superintendent, Ben Tantillo, as We Continue to Grow in New England!

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

PARS is pleased to introduce Dr. Ben Tantillo as the newest member of the New England Team. With over 40 years’ experience in public education, Ben served has held Superintendent and Principal positions throughout the Northeast. With PARS, Ben will work with school districts, colleges and universities to help analyze, design and implement locally controlled voluntary separation incentives as well as manage rising retiree healthcare costs and liabilities through PARS industry leading OPEB Trust Program.

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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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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 recommended course of action

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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 trust to prefund long

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