OPEB/GASB 45/75

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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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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