Since 1991, 125 public agencies have saved more than $150 million using the PARS Alternate Retirement System (ARS) as an alternative to Social Security/FICA for Part-time, Seasonal and Temporary Employees (PST's).

Meeting the requirements of Internal Revenue Code Section 3121(b)(7)(F), PARS-ARS can permanently reduce an agency's payroll cost, as well as provide a valuable benefit to eligible employees.  PARS-ARS is a win-win for both the agency and covered employees.

Some of the benefits include:

Agency Benefits Permanent reduction of payroll costs from 12.4% (Social Security/FICA) to 7.5% (PARS) Allows negotiation on agency-employee contribution split (minimum 7.5% split in any manner between agency and employee) Defined Contribution format prevents unknown future obligations PARS "Turn-Key" Plan Administration

Employee Benefits Pre-tax Contribution 100% vesting from first day of coverage Lump-sum distribution at termination, retirement, disability or death Can purchase other qualified retirement plan service credit with pre-tax distribution In-service distribution to "inactive" employees IRA or Qualified Plan rollover

Your Agency Could Save Thousands Like This Every Year!