PARS is pleased to introduce Dr. Ben Tantillo as the newest member of the New England Team. With over 40 years’ experience in public education, Ben served has held Superintendent and Principal positions throughout the Northeast. With PARS, Ben will work with school districts, colleges and universities to help analyze, design and implement locally controlled voluntary separation incentives as well as manage rising retiree healthcare costs and liabilities through PARS industry leading OPEB Trust Program.read more...
For the past several years, the City of Sausalito considered its rising pension obligations very seriously and continually examined all options to reduce pension liabilities and annual costs. Consequently, Sausalito implemented several policies for reform that focused on the variables that the city could control. But even all those improvements could not mitigate the rate and unfunded liability volatility from one CalPERS actuarial report to the next; there were just too many variables outside the city’s control. To stabilize rates charged to the city’s General Fund, the city’s Finance Committee looked at developing a pension funding methodology.read more...