Early Retirement Incentives

27
Nov
2017

Need Budget Cuts? Consider an Early Retirement Incentive

Categories: California Developments,Early Retirement Incentives

School Services of California by Sheila G. Vickers, November 2017

As state revenues for education are slowing down, and as many schools and community colleges are declining in enrollment, we are hearing from many of you in the field that

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26
Apr
2017

PARS Retirement Package entices 35 Moorpark Unified Teachers

Categories: California Developments,Early Retirement Incentives,PARS In the News

At its April 11 meeting, the Moorpart USD board of trustees voted 4-0 to implement the PARS Supplementary Retirement Plan (SRP), a move that will reduce payroll costs and save the district millions over five years.

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02
Mar
2017

Napa Valley USD Saves Millions with PARS Early Retirement Incentive

Categories: California Developments,Early Retirement Incentives,PARS In the News

In December, Napa Valley Unified School District contracted with PARS to devise an incentive program for older teachers and other employees to retire at the end of the school year. A total of 66 district employees (52 teachers), out of 228 who were eligible for it, took the incentive. The District estimates the retirements will save NVUSD nearly $3 million in salaries and benefits next year — and $14.5 million over five years.

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