PARS NEWS
Pension Announcement: Town of Payson, AZ
PARS is thrilled to welcome the Town of Payson as the newest member of the Arizona Employers Pension Prefunding Program (AEPPP). Our AEPPP is an IRS-approved Section 115 trust designed to help public agencies in Arizona proactively manage and address Public Safety Personnel Retirement System (PSPRS) liabilities. By joining the AEPPP, the Town of Payson is taking a conservative, progressive approach to actively […]
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New SRP Adoption: Fresno USD (CA)
On Wednesday, October 8, 2025, the Board of the Fresno Unified School District of Fresno County, California, passed and adopted the PARS Supplementary Retirement Plan (SRP). With over 1900 employees eligible to enroll, this one-time-offer presents an incredible opportunity for the district’s bottom line, as well as for those eligible employees considering retirement. Administered by […]
The Role of Section 115 Trusts in Rethinking Reserves
In the complex domain of local government finance, the traditional role of reserves as a safety net is undergoing significant transformation. The modern financial landscape, characterized by increasing volatility and uncertainty, demands a reevaluation of traditional reserve strategies. This article delves into the emergence of Section 115 trusts as a modern financial instrument designed to […]
Public Pension Challenges: Section 115 AEPPP Trust’s Role in Risk Mitigation and Strategic Financial Planning
Strategic 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 of services provided to citizens. To safeguard this balance, risk mitigation becomes imperative, acting as […]
Public Pension Challenges: The Role of the Section 115 Trust in Risk Mitigation and Strategic Financial Planning
Strategic 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 of services provided to citizens. To safeguard this balance, risk mitigation becomes imperative, acting as […]
Making Cents of Implicit Subsidy Liabilities: An Imperative Case for Pre-Funding OPEB in Texas
In 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 retirees share the same healthcare plan, inadvertently leading to inflated average costs for the employer.