Pension Rate Stabilization
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...
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...
Public Agency Retirement Services (PARS) is excited to bring to Florida local governments for the first time our unique, IRS-approved Pension Prefunding Trust Program, in partnership with Vanguard and U.S. Bank. PARS pioneered the trust concept in 2015 with the first IRS Private Letter Ruling on a multiple employer Section 115 trust for local governments to set aside funds for future pension costs and/or retiree healthcare costs (OPEB).read more...
Whether issuing Pension Obligation Bonds (POBs) or Certificates of Participation (COPs), an IRS Section 115 PARS Pension Prefunding Trust, in partnership with Vanguard and U.S. Bank, is a great new option in Arizona to address PSPRS, ASRS or any retirement system costs over the long term.read more...