Segal works with federal, state and municipal plans and plan sponsors throughout the U.S. and Canada to design, implement, maintain and communicate sustainable retirement, health care, compensation and human resources programs that succeed within budgets while providing employees and eligible retirees the coverage they need.
The challenges facing public sector entities go beyond the immediate effect of COVID-19. Public sector entities are under significant pressure to shore up budgetary gaps against the headwinds of a changing demographic and economic environment. This affects retirement as well as health benefits and compensation programs long known for their stability and value.
At the same time, public sector workers face uncertainties regarding their current roles as well as their ability to have retirement security in an increasingly uncertain future.
This changing landscape makes it imperative for public sector plans and plan sponsors to evaluate their entire benefits and HR programs and to position themselves for success in this dynamic and uncertain environment as both stewards of public resources and partners in public sector workers’ success.
Working with public sector plans, Segal understands the budgetary issues, public demands and political pressures to identify immediate and long-term changes that support comprehensive employee strategies. These insights are the result of our interactions with hundreds of public sector clients, and we use these insights to amplify our technical expertise in innovative ways for all of our clients.
For more information, contact Andrew Sherman, SVP, National Director, Public Sector, 617-424-7337, asherman@segalco.com
Pension Obligation Bonds: Know Their Appeal and Pitfalls
By any measure, 2020 was an extraordinary year, characterized by health, social, economic and political crises. From the perspective of public sector pensions, it’s also notable for the resurgence of interest in pension obligation bonds (POBs) as a potential means of plan financing.
Our report explains why POBs have begun to attract the attention of public pension plan sponsors, and the risks that these bonds present to pension systems.
Future of Healthcare: What Plan Sponsors Should Know
The one constant of the healthcare industry is that it always changes. But even by that standard, the next five to ten years will see momentous shifts in how Americans interact with the people and systems keeping them healthy. For health plan sponsors, keeping on top of these changes means you can prepare today for tomorrow’s needs.
HR Shared Services: Is It Right For Your Organization?
Consolidating a function of your organization that currently exists in multiple parts can lead to significant savings and increased efficiency, particularly when that function is as important as human resources. Our publication helps you determine whether this model is right for your organization.
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For more information about Segal and how we can work with you to reach your goals and address your HR and employee benefits needs, contact Andrew Sherman, SVP, National Director, Public Sector, 617-424-7337, asherman@segalco.com
