Voluntary Separation Incentives: Act Now to Evaluate Fiscal Savings for FY 2021/’22Categories: 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.
As the national specialist in the analysis, design, communication, and implementation of voluntary separation incentives for school districts and colleges, PARS has implemented more than 1,000 incentive plans, helping to save millions of dollars in public resources.
Uniquely designed for public education, PARS’ Voluntary Separation Incentives can be a constructive tool during tough budget periods to:
- Achieve fiscal and budgetary savings
- Reduce labor costs
- Mitigate layoffs or furloughs
- Address declining enrollment
- Restructure the workforce to meet operational needs
- Retain higher skilled, newer employees
PARS full-service approach is the reason why we have successfully served public education for over 37 years.
For more on this unique, new trust program, please contact:
Kathryn Cannie, Senior Manager, Eastern Region