PARS NEWS
PARS Meeting Enhanced Demand for Its Supplementary Retirement Plan in California
PARS has had a significant year for its Supplementary Retirement Plan (SRP) program, with over 30 California schools and community college districts implementing plans in 2026. The result of this collaborative process? Over 2,700 employees decided to enroll in their district’s respective SRP program, which will set-up these individuals with meaningful retirement income (in addition […]
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Why a 115 Trust is More Important Now Than Ever Before
This article (Fullerton adopts belated balanced budget with service cuts, jobs freeze – Los Angeles Times) in the Daily Pilot got me thinking about the struggles that many cities are facing. Over the 5-year period from 2020-2025, inflation in Southern California totaled nearly 20%. Inflation, or the increase in the price of goods and services […]
PSPRS Returns 14.5% – What Does This Mean for Your Agency?
The Public Safety Personnel Retirement System (PSPRS) recently announced a 14.5% net investment return for the fiscal year ending June 30, 2026—more than double its 7.2% assumed rate of return and generating approximately $3.3 billion for the trust. That is great news for Arizona employers and reflects continued progress in strengthening the pension system. But for finance leaders, […]
A Strategic Response to Declining Enrollment
As enrollment continues to decline across California, Local Educational Agencies (LEAs) are being asked to make difficult decisions while simultaneously serving students and supporting employees. The 2026-27 State Budget emphasizes this reality with its updated Trailer Bill language built into the $5 billion discretionary block grant. LEAs with declining enrollment, or projected declining enrollment, must now hold a hearing to address […]
PARS Welcomes John Gillison as Senior Consultant
We’re thrilled to welcome John Gillison to PARS as a Senior Consultant within our California Cities team. John, who joined PARS in July 2026, brings more than four decades of public sector leadership and municipal management experience to our Consulting team. “John is a deeply respected leader who genuinely cares about the communities he serves,” said Dennis Yu, Executive Vice […]
City of Wildomar Establishes Pension Trust
PARS is pleased to welcome California’s City of Wildomar to the PARS Pension Rate Stabilization Program (PRSP)! Wildomar now joins 23 Riverside County agencies committed to proactive pension management through the PARS IRC Section 115 Trust. The City has taken a significant step toward long-term financial stability by contributing approximately $1.3 million from its reserve fund into […]
The PARS OPEB Trust is Now Available in Georgia
We’re excited to share that the PARS OPEB Trust Program—one of the largest and most established Section 115 OPEB trusts in the nation—is now available to public agencies across Georgia. This program is specifically designed to help local governments proactively manage retiree healthcare costs, reduce long-term liabilities, and bring greater stability to future budgets. With increasing […]
Key Takeaways From the 2026-27 California May Revise
Follow Up From CSBA’s June 4, 2026 Webinar. As California’s budget picture continues to evolve, education leaders are facing a familiar challenge: making long-term decisions in an increasingly uncertain environment. During California School Boards Association (CSBA)’s recent webinar on the Governor’s May Revision, education finance experts discussed the latest budget updates and what they may mean for school districts and county […]