As we start the New Year and you start planning your 2025/26 budget, it may be time to consider how a PARS Voluntary Separation Incentive (VSIP) could benefit your district.
Our unique, tax-deferred incentives are designed to proactively address fiscal and operational workforce challenges such as rising labor costs, budget cuts, and declining enrollment.
Advantages of PARS’ Voluntary Separation Incentive (VSIP)
- Comprehensive model that includes plan design, analysis, implementation, employee communication, and ongoing support through the final participant benefit payment
- No-cost, in-depth analysis which forecasts the fiscal and budgetary impact of an incentive being offered based on current workforce demographics
- Design flexibility to meet each client’s specific needs and achieve the best possible outcomes
- Tax-Deferred 403(b) plan structure which, compared to cash/severance payouts, is less costly and more flexible, provides more distribution options, and brings added tax advantages/savings to participating districts and their employees.
With hundreds of millions saved for educational entities over the last 40 years, PARS’ VSIP stands out as the industry leader.
Our no-obligation analysis can be completed quickly and provides extensive insight into the impact that an incentive can have on your district over the next 5-10 years.
Determine if a PARS VSIP could be beneficial to your district and something you should consider. Contact our Eastern Region Team to get started.