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PARS presents options to move county OPEB trust to combined OPEB/pension model
Summary
Consultants from Public Agency Retirement Services (PARS) recommended converting the county's 115 OPEB trust to a two‑bucket model that would allow pre‑funding for both retiree healthcare (OPEB) and pensions; the board received the presentation but took no formal action.
Representatives from Public Agency Retirement Services (PARS) briefed the Board of Supervisors on May 6 about the county's existing Internal Revenue Code section 115 trust for other post‑employment benefits (OPEB) and presented an option to expand the trust into a two‑bucket model that would prefund both OPEB and pension liabilities.
Mitch Barker, senior consultant with PARS, said the county's most recent…
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