PARS In the News

14
Jul
2014

San Diego Unified Approves Early Retirement for 471 Teachers

Categories: Early Retirement Incentives,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: Early Retirement Incentives,PARS In the News

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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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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12
Feb
2013

Kevin O’Rourke Appointed Interim City Manager for the City of Santa Ana

Categories: PARS In the News

PARS would like to congratulate Kevin O’Rourke on his new position as Interim City Manager for the City of Santa Ana. Kevin will be taking an unpaid leave of absence from PARS during this time. We wish him well and look forward to his return as Senior Consultant.

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