PARS In the News

14
Jul
2014

San Diego Unified Approves Early Retirement for 471 Teachers

Categories: PARS In the News

The San Diego Unified School District Board of Education gave final approval to implementing a supplemental early retirement program for 471 eligible teachers in a move to trim about $29.6 million from its budget over the next five years.

District officials said early retirement will be beneficial due to declining enrollment and common core standards and other requirements that will necessitate adjustments.

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18
Mar
2014

Wave of retirements could reshape San Diego schools

Categories: PARS In the News,State Developments

By eliminating some of the most seasoned teachers from the district payroll, San Diego Unified would shave millions off its looming multiyear budget deficit.

The annuity package would generate $8.3 million in savings to help offset an estimated $115.6 million deficit to next year’s $1.1 billion operating budget. More savings would be felt over time as the higher-paid veteran teachers are replaced with newer educators at the lower end of the pay scale.

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05
Mar
2014

PARS OPEB Trust Expanding to More States!

Categories: OPEB/GASB 45,PARS In the News

Exciting news! PARS’ IRS-approved multiple-employer Section 115 Trust is expanding its reach. This popular GASB 45 compliant solution, already the largest private OPEB trust in California and Texas, is now available for public agencies to pre-fund retiree health care across the nation.

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26
Nov
2013

Come visit PARS at the Annual CSBA Convention Dec. 5th-7th in San Diego!

Categories: PARS In the News

Visit with PARS @ Booth 909
San Diego Convention Center
December 5th – 7th

Learn about Retirement Incentives, Pre-funding Post Retirement Healthcare through the CSBA GASB45 Solutions Program, and Alternative to Social Security Plans.

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06
Nov
2013

Kevin O’Rourke featured in Trackdown Nov. 2013 Newsletter

Categories: PARS In the News

…In 2009 Kevin traveled to Stockton to serve as the Interim City Manager; in 2010 he took the General Services Director post in Solano County in an interim role; and in 2011 he was appointed Interim City Manager in Woodland. He recently completed an impressive stint as the Interim City Manager in the City of Santa Ana. Kevin has joined the good people of PARS as a Senior Consultant to help with their Public Agency Retirement Services.

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