
Early Retirement Incentives
Jan
2021
Finding Funds During These Difficult Pandemic Times
Categories: Early Retirement Incentives,National Developments,PARS NewsAs 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?
read more...Oct
2020
PARS Welcomes Former Superintendent, Ben Tantillo, as We Continue to Grow in New England!
Categories: Early Retirement Incentives,National Developments,OPEB/GASB 45/75,PARS NewsPARS 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...Jul
2020
Don’t Overlook this Fiscal Tool in Challenging Times: Voluntary Separation Incentives
Categories: Early Retirement Incentives,National Developments,PARS NewsAs a result of the COVID-19 pandemic, school districts throughout Connecticut face the paradox of decreasing budgets, due to state and local revenues losses, and increasing costs, due to safety mitigation in transportation, sanitization, temperature checks, personal protective equipment, and technology. With mounting pressure, many school districts are being asked to evaluate layoffs, furloughs, or other austerity measures to create savings. Another option that Superintendents should consider are district-controlled voluntary separation incentives.
read more...Jun
2020
Voluntary Separation Incentives: Historically Helping Districts in Difficult Times
Categories: California Developments,Early Retirement Incentives,National Developments,New England Developments,PARS News,Texas DevelopmentsPARS has a long-standing successful track record of implementing over 1,000 Voluntary Separation Incentives to more than 350 school districts, community colleges, and educational agencies nationwide. These incentives have helped districts reduce labor costs, restructure their workforce, and avoid/reduce the need for layoffs.
read more...May
2020
Dos and Don’ts of Using Voluntary Separation Incentives as a Fiscal Tool in Pennsylvania
Categories: Early Retirement Incentives,National Developments,PARS NewsA well-crafted early retirement or separation incentive can be a win-win approach for management and employees/labor to achieve fiscal savings, avoid layoffs, and restructure departments or positions. The key to constructing a successful incentive is considering when and how it should be implemented. Below are crucial points to examine:
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