January, 2021

16
Jan
2021

Voluntary Separation Incentives: Act Now to Evaluate Fiscal Savings for FY 2021/’22

Categories: Early Retirement Incentives,New England Developments,PARS News

As we begin 2021 and you start to prepare for next year’s budget, now is the time to assess whether a Voluntary Separation Incentive makes sense for your district or college. Public Agency Retirement Services (PARS) can conduct a complimentary in-depth analysis to determine the fiscal impact of an incentive based on your actual workforce demographics and will customize the design to meet the unique demands of your organization.

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13
Jan
2021

Kick off the Year in Arizona with New Trust for Pension Funding

Categories: National Developments,PARS News,Pension Rate Stabilization

The New year is a time to set new goals and plan for the long-term. One new option for Arizona cities and counties in 2021 is the PARS Pension Prefunding Trust, an IRS Section 115 trust vehicle to set aside funds to help manage PSPRS and ASRS obligations.

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10
Jan
2021

Finding Funds During These Difficult Pandemic Times

Categories: Early Retirement Incentives,National Developments,PARS News

As a former superintendent of 17 years, I have always strived to provide the best education in the most fiscally responsible manner wherever I have been fortunate to lead a district. Regardless, of the socioeconomics of my districts, we were always charged with trying to do more with less. I can only imagine the angst affecting superintendents and school committees during this most trying Covid-19 pandemic. In reading articles from across the country, school districts not only have to face a level or decreased spending budget due to decreased state revenues; but have the burden of adding the expenses necessary to address the pandemic. So, what’s a superintendent to do?

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