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PARS Consulting Services
PARS does
more than design and administer retirement plans. Even if a PARS program
is not an appropriate vehicle for an agency's need, there are other ways
to help. PARS also serves as a general consultant in
assisting government agencies analyze and explore solutions for their
retirement benefit needs.
A retirement program is a large component of employee
compensation and the annual budget. An agency takes on a
tremendous obligation to its employees' future financial security and
well-being in providing such a program. A retirement plan also has
ramifications to the employee and an impact on an agency's long-term
fiscal solvency. If your agency has not evaluated its retirement
program lately, it might be an opportune time for a fresh look.
PARS is first and foremost a problem
solver. As one of very few retirement consulting firms working
exclusively for local government agencies, PARS widely
recognized for expertise in public pension consulting. All studies
and services are performed on a reasonable fee-basis. While most
agencies that contact PARS are interested in adopting
established PARS programs, some agencies also employ PARS to
conduct consulting studies and analyses for a thorough review of their
retirement programs and options.
The complexities of retirement plans can also be
difficult to comprehend. For this reason, it is in the best
interest of an agency and its employees to periodically examine its
retirement programs, in order to determine whether the agency is providing
benefits cost-efficiently, responsibly, and in compliance.
In addition to plan design, implementation, and
administration, PARS can:
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Review existing plans (defined benefit and
defined contribution - or an agency's entire retirement package)
by analyzing fiduciary, administrative, legal, investment, cost
efficiency, and other critical facets of retirement benefits and
plans.
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Counsel agencies that operate their own plans.
PARS will analyze the feasibility and
advantages/disadvantages of agencies moving into larger retirement
systems and ways to improve existing plans.
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Advise agencies who are part of large state
retirement systems on all aspects of their plans, including
the costs of enhancing or changing benefits and features.
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Advise agencies on various approaches to saving
dollars, retaining and recruiting employees, and otherwise
using their retirement benefits as a tool for fiscal and workforce
management.
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When it comes to assisting public agencies, PARS is a well-suited combination for the task of providing
assistance to public agencies, with a strong track record and unique
specialization. Having consulted on more than 350 public pension
plans, PARS offers
cutting-edge, creative retirement plan solutions for public agencies.
Contact a PARS consultant today
at:
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PARS Offices |
Telephone |
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California |
(800) 540-6369 |
The information and analysis provided in
this publication is
based upon PARS' understanding of the facts.
Before taking any action based on this information and analysis,
the agency should consult
with its professional advisors. |
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