PARS is pleased to be in its third year of offering the Special Districts GASB 45 Trust program as an Endorsed Affiliate of CSDA. The program offers an innovative trust plan for post-retirement healthcare funding designed to assist districts of all sizes and types in addressing the requirements of GASB 45, using a Section 115 Trust already approved by the IRS.
Although public agencies are not requires to pre-fund, doing so is considered the more prudent choice and will stabilize costs. The trust enables a district to pre-fund the cost of benefits now and leverage interest earnings to lower the long-term costs instead of paying for the benefit only after an employee has retired.
Contact us today to see how PARS can help your special district meet the GASB 45 standards in the most cost-effective way. Visit www.pars.org or contact Mitch Barker at PARS: 800.540.6369 x 116 or
for more information.