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 pressure from healthcare inflation and evolving workforce demographics, having a clear, sustainable funding strategy has never been more important.
Why Consider a Section 115 Trust for OPEB Prefunding?
Moving OPEB assets from your general fund or a stabilization account into a Section 115 trust offers several meaningful advantages:
- Improved Investment Potential – As trust assets can be diversified, agencies can potentially benefit from greater returns and higher compounding of assets
- Long-Term Cost Management – Prefunding can prepare you for rising healthcare costs, longer life expectancies, and retirement surges
- Asset Protection – Trust funds are irrevocably dedicated to retiree healthcare and cannot be used for other purposes
- Intergenerational Equity– Acting now ensures future taxpayers and employees are not burdened with a disproportionate share of costs
- Potential Credit Rating Benefits– Rating agencies often view prefunding as a sign of strong fiscal management, which may support more favorable borrowing terms
Why Partner with PARS?
PARS brings decades of experience helping public agencies implement and manage prefunding strategies with confidence.
- Trusted by 550+ Public Agencies Nationwide
- Turnkey Implementation – Legally vetted, adoption-ready documents with no startup costs
- Flexible Investment Options tailored to your agency’s goals and risk tolerance
- Dedicated, Hands-On Supportfrom a team that understands public sector needs
- Cost-Effective & Locally Controlled program structure
Take the Next Step
Interested in exploring OPEB for your Georgia-based agency? Contact our team today:
Kathryn Cannie
Vice President, Eastern Region
As Vice President of the Eastern Region, Kathryn leads PARS’ growth and client consulting efforts across the eastern United States while overseeing regional marketing, client services, and public affairs initiatives. With more than 30 years of government experience, including a decade at PARS, she has led more than 80 retirement plan and trust implementations for school districts, colleges, municipalities, special districts, and counties. She specializes in developing retirement plans and trusts that align with clients’ fiscal and organizational goals.
You can learn more about our dedicated team of public agency retirement consultants here.