PARS Retirment is Associated With and Known as:
PARS or Public Agency Retirement Services is a public agency formed to offer special retirement services, depending on public agency needs, with consideration of special employee benefits, to relieve administration of the burdens.
PARS plans and Programs for the well being of customers are:
1. Early Retirement Incentives
: The plan known as
Supplementary Retirement Program. The offerings of this program are
newer employees, avoidance of layoffs, workforce restructuring, and
tools to reduce humane cost, etc.
2. Pension Rate Stabilization Program:
A program designed to decrease Net Pension Liabilities and pre fund pension costs. It also provides employers with investment flexibility and local control of assets for the creation of more sound retirement system.
3. Tax Deferred Exit Incentive:
Separation Incentive Program, designed for the schools and colleges for the labor cost reduction, etc. The employees have the choice to receive the Benefits of the plan for fixed number of years or for the lifetime.
4. Leave Reduction Plans:
This plan reduces the employer or agency liabilities by supplementing the employee unused leaves into a tax-qualified retirement plan.
5. Defined Benefit and Defined Contribution Program:
The plan comes up with the primary retirement benefit for the employees. Some of the features of the plans that provide the agency the ability to:
a. Benefit Formula Customization
b. Employee Plan Contributions
c. Specify Eligibility and Vesting requirements
d. Provide the benefit to bargaining group
The career opportunities provided by the PARS can be had from http://www.pars.org/careers/
PARS Availability on the Social Media Website:
PARS operates official accounts on the social media platform. We provide direct link of the official account.PARS LinkedIn Account Link: