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As school districts gaze towards an uncertain fiscal future, they are taking stock of how to best allocate the funds they currently possess. With the Legislative Analyst’s Office recent warning that educational funding cuts may be necessary, many districts are reckoning with the potential of a rocky path forward. Prefunding retiree healthcare benefits, known as Other Post-Employment Benefits, (OPEB) into a Section 115 Trust is a helpful tool in smoothing that path and providing potential budgetary relief in difficult times. Long term obligations, such as OPEB, present a serious fiscal challenge for many districts. Retiree healthcare costs rise regardless of funding fluctuations within the Governor’s budget. Prefunding these critical obligations into a Section 115 Trust is a great way for districts to address those rising costs.

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Funds placed into the program are considered assets on your district’s financial statements that address liability and are protected from diversion to other uses. This program gives districts local control of assets, providing you with the flexibility to make contributions as deemed appropriate and the ability to access and withdraw funds to pay for OPEB expenses at any time. Additionally, districts benefit from compounding interest on funds held in the trust (which are tax-exempt), and can diversify assets according to risk tolerance and performance goals to gain potentially greater interest earnings.

Program Benefits

Benefits of the OPEB Solutions Program include:
  • Governmental Accounting Standards Board (GASB) 75 compliant
  • IRS-approved with exclusive Private Letter Ruling
  • PARS experience, over 20 years in OPEB trust administration and over 35 years in retirement solutions
  • Strong trustee, U.S. Bank, the fifth largest commercial bank in the nation
  • Dedicated senior-level consulting and portfolio management
  • Local control and investment flexibility of program assets
  • Fast implementation and cost-effective
  • No minimum fees or contributions
  • Personalized customer service and program oversight to ensure districts' satisfaction

Contact our dedicated program staff listed below for more information about how you can take control of your OPEB obligations today!

Upcoming Webinars

Upcoming Webinars

There are no webinars scheduled at this time. Please check back at a later date or visit CSBA's social media accounts to stay up to date. 

Past Webinars

Managing OPEB Costs and other Liabilities within Changing Budgets

Date: May 25, 2023

Time: 2:00 PM (PST)

CSBA Creative Methods for Addressing OPEB Costs and other Liabilities

Date: May 25, 2023

Time: 2:00 PM (PST)

About PARS

Public Agency Retirement Services (PARS) is a leader in custom and turn-key public agency and school district retirement programs. For over 35 years, PARS has been the trusted source for retirement solutions that meet the unique needs of each individual public agency they serve. Known for their high-level of partnership and service as well as for the quality and security of their program designs, PARS fosters a collaborative and responsive relationship from consultation, design and analysis through implementation and administration.


PARS (Public Agency Retirement Services)
  • Eric O’Leary, ext. 124
  • Dennis Yu, ext. 104
  • Ryan Nicasio, ext. 134
  • Rachael Sanders, ext. 121
  • Jennifer Meza, ext. 141
CSBA (California School Boards Association)
  • Nicole Delos Reyes, ext. 3275