Hot Sheets

Many California agencies are struggling to save money with the tremendous payouts that employees are receiving when they cash out their unused leave time.  Sometimes these benefits can cost hundreds of thousands of dollars.  This leaves many questioning whether or

As of 1/1/13, due to the Pension Reform Act, districts will only be able to design and implement early retirement incentive plans as 403(b) Defined Contribution plans. Fortunately, PARS has been designing early retirement plans as 403(b) Defined Contribution plans

The Public Employees Pension Reform Act (PEPRA-AB 340), enacted into law recently, restricts the way early retirement incentives can be designed. Fortunately, PARS for the last six years has innovatively designed all its community college district retirement incentives (or “SRPs”)

As of December 31, 2012, cities, counties, and special districts will lose a valuable tool to prevent layoffs and reduce labor costs. Supplemental defined benefit plans,

The Public Employees Pension Reform Act (PEPRA-AB 340), enacted into law last week, restricts the way early retirement incentives can be designed. Fortunately, PARS for the last six years has innovatively designed all its school district early retirement incentives