Early Retirement Incentives
At its April 11 meeting, the Moorpart USD board of trustees voted 4-0 to implement the PARS Supplementary Retirement Plan (SRP), a move that will reduce payroll costs and save the district millions over five years.read more...
In December, Napa Valley Unified School District contracted with PARS to devise an incentive program for older teachers and other employees to retire at the end of the school year. A total of 66 district employees (52 teachers), out of 228 who were eligible for it, took the incentive. The District estimates the retirements will save NVUSD nearly $3 million in salaries and benefits next year — and $14.5 million over five years.read more...
Victoria College was looking for a way to reduce its budget and restructure staffing in a positive way. While looking for solutions, the College learned about the PARS Tax Deferred Separation Incentive Plan (SIP).read more...
The PARS Separation Incentive Plan gave Alvin Community College the tools it needed to make desired staffing changes and reduce the budget – all through a positive approach.read more...