New Online Tool to Benchmark Retiree Benefit DataSearchable database allows users to compare localities of similar size and location
A new online tool offers detailed health care and pension data on the typical benefits cities and counties offer their retirees, and how they pay or plan to pay for these benefits. The Government Benefits Comparison Tool, sponsored by the Center for State and Local Government Excellence and the GFOA, is an interactive resource allowing the user to search by population size, state, and geographic region, and by size of the general fund revenue. Once users select the characteristics that most closely match their government, the tool generates a series of metrics concerning pension benefits, wellness programs, retiree health care, and other informative GFOA financial indicators.
The pension data come from the FY2006 GFOA Financial Indicators database, drawn from the comprehensive annual financial reports (CAFRs) of local governments across the United States. The data will be updated as it becomes available. The health care data come from a 2007/2008 retiree health care survey conducted by the Center for State and Local Government Excellence, the International City/County Management Association, and the faculty of North Carolina State University. The research was funded by the ICMA Retirement Corporation.
This informational benchmarking resource tool for state and local government leaders, academics, research institutions, and the general public is not intended to be a substitute for the financial or legal advice of an attorney, accountant, or other professional.
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