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PARS Plans &
Products
Consulting Services
The complexities of
retirement plans can be difficult to comprehend. For this reason, it
is in the best interest of an agency and its employees to periodically
examine its retirement programs, in order to determine whether the
agency is responsibly providing compliant, cost-efficient benefits.
A retirement program is a
large component of employee compensation and the annual budget. An
agency takes on a tremendous obligation to its employees' future
financial security and well-being in providing such a program. A
retirement plan also has ramifications for the employee and an impact on
an agency's long-term fiscal solvency. If your agency has not evaluated
its retirement program lately, it might be an opportune time for a
fresh look.
PARS does more than
design and administer retirement plans. Even if a PARS program is not an
appropriate vehicle for an agency's need, there are other ways to help.
PARS also serves as a general consultant in assisting government
agencies to analyze and explore solutions for their retirement benefit
needs.
PARS is first and
foremost a problem solver. As one of very few retirement consulting
firms working exclusively for local government agencies, PARS is widely
recognized for expertise in public pension consulting. All studies and
services are performed on a reasonable fee-basis. While most agencies
that contact PARS are interested in adopting established PARS programs,
some agencies also employ PARS to conduct consulting studies and
analyses for a thorough review of their retirement programs and options.
In addition to plan
design, implementation, and administration, PARS can:
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Review existing plans (defined benefit and
defined contribution - or an agency's entire retirement package)
by analyzing fiduciary, administrative, legal, investment, cost
efficiency, and other critical facets of retirement benefits and
plans.
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Counsel agencies that operate their own plans.
PARS will analyze the feasibility and
advantages/disadvantages of agencies moving into larger retirement
systems and ways to improve existing plans.
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Advise agencies who are part of large state
retirement systems on all aspects of their plans, including
the costs of enhancing or changing benefits and features.
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Advise agencies on various approaches to saving
dollars, retaining and recruiting employees, and otherwise
using their retirement benefits as a tool for fiscal and workforce
management.
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PARS is well-suited to the task of providing
assistance to public agencies, with a strong track record and unique
specialization. Having consulted on more than 750 public pension
plans, PARS offers
cutting-edge, creative retirement plan solutions for public agencies.
Contact a PARS consultant today
at:
(800) 540-6369
The information and analysis provided in
this publication is
based upon PARS' understanding of the facts.
Before taking any action based on this information and analysis,
the agency should consult
with its professional advisors. |
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