
PARS News
Sep
2023
Public Pension Challenges: The Role of the Section 115 Trust in Risk Mitigation and Strategic Financial Planning
Categories: OPEB/GASB 45/75,PARS News,Pension Rate StabilizationStrategic financial management in local government revolves around the intricate balance of maximizing revenues and judiciously controlling expenses. This delicate equilibrium is crucial for enabling transparent, future-oriented financial planning, providing for resiliency, and ensuring consistent financial resources for improving levels
read more...Jul
2023
Making Cents of Implicit Subsidy Liabilities: An Imperative Case for Pre-Funding OPEB in Texas
Categories: OPEB/GASB 45/75,PARS News,Texas DevelopmentsIn the complex landscape of municipal finance, unique challenges constantly arise. Among these, a particularly significant concern for Texas municipalities pertains to Other Post-Employment Benefits (OPEB), specifically the implicit subsidy liabilities. This financial quandary emerges when active employees and
read more...Nov
2021
To Prefund in a Section 115 Trust or Not: A Greater Potential for Long-Term Earnings May Be the Answer
Categories: National Developments,OPEB/GASB 45/75,PARS NewsBesides the fiscal prudence of dedicating funds for future retiree healthcare using a Section 115 trust, the other compelling function is the ability to diversify investments. Unlike the general fund, state laws allows Section 115 trusts greater use of
read more...Oct
2021
Is Your OPEB Trust Trustworthy? Ask these three questions to find out…
Categories: National Developments,New England Developments,OPEB/GASB 45/75,PARS NewsAre you considering establishing a trust to set aside funds to manage and reduce your OPEB (retiree healthcare) liabilities? If so, it is important to set up the trust in the right way – to make sure it is compliant
read more...Jul
2021
Public Safety Personnel Retirement System (PSPRS) in Arizona Offering New Pension Trust Program, Administered by PARS
Categories: National Developments,PARS News,Pension Rate StabilizationPSPRS 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.
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