National Developments

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?

read more...
03
Dec
2020

First-of-its-kind Section 115 Pension Pre-funding Trust Now Offered in Florida

Categories: National Developments,PARS News,Pension Rate Stabilization

Public Agency Retirement Services (PARS) is excited to bring to Florida local governments for the first time our unique, IRS-approved Pension Prefunding Trust Program, in partnership with Vanguard and U.S. Bank. PARS pioneered the trust concept in 2015 with the first IRS Private Letter Ruling on a multiple employer Section 115 trust for local governments to set aside funds for future pension costs and/or retiree healthcare costs (OPEB).

read more...
01
Dec
2020

Managing Pension Costs in Arizona with a Section 115 Prefunding Trust, POBs or COPs

Categories: National Developments,PARS News,Pension Rate Stabilization

Whether issuing Pension Obligation Bonds (POBs) or Certificates of Participation (COPs), an IRS Section 115 PARS Pension Prefunding Trust, in partnership with Vanguard and U.S. Bank, is a great new option in Arizona to address PSPRS, ASRS or any retirement system costs over the long term.

read more...
07
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 News

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...
22
Jul
2020

Don’t Overlook this Fiscal Tool in Challenging Times: Voluntary Separation Incentives

Categories: Early Retirement Incentives,National Developments,PARS News

As 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...

Archive

  • +2021
  • +2020
  • +2019
  • +2018
  • +2017
  • +2016