PARS News

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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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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16
Jan
2021

Voluntary Separation Incentives: Act Now to Evaluate Fiscal Savings for FY 2021/’22

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

As we begin 2021 and you start to prepare for next year’s budget, now is the time to assess whether a Voluntary Separation Incentive makes sense for your district or college. Public Agency Retirement Services (PARS) can conduct a complimentary in-depth analysis to determine the fiscal impact of an incentive based on your actual workforce demographics and will customize the design to meet the unique demands of your organization.

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