For over 35 years, PARS (Public Agency Retirement Services) has been working exclusively with school districts and other public agencies to design and implement strategic retirement solutions that address their specific organizational and budgetary needs. The PARS early retirement incentive known as the Supplementary Retirement Plan (SRP), offers school districts a constructive and appealing tool for reducing labor costs, restructuring your workforce, avoiding layoffs and retaining skilled employees. Other PARS solutions include the Pension Rate Stabilization Program (PRSP) for prefunding pension costs to help address rising STRS/PERS contribution rates and overall district liabilities, the OPEB Solutions Program, in partnership with CSBA, for prefunding OPEB liabilities and a cost-saving alternative to Social Security, Alternate Retirement System (ARS) for part-time, temporary and seasonal employees.