PARS In the News

18
Aug
2014

An Experienced Local Team for PARS’ New England Expansion!

Categories: New England Developments,PARS In the News

PARS is pleased to announce that Kathryn Cannie, has joined the PARS team as a Senior Consultant to support PARS services in New England. She will work alongside Senior Vice President Maureen Toal, a PARS 15 year veteran. Both Maureen and Kathryn have strong governmental backgrounds in New England.

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08
Aug
2014

Newport to Newport…PARS is Expanding into New England

Categories: New England Developments,PARS In the News

PARS is pleased to announce that we have now expanded our services to New England with a new office in Newport, Rhode Island. New England cities, towns, counties, special districts, and school districts will now be able to utilize PARS solutions locally to help better achieve their organizational objectives.

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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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