How to Achieve a Sustainable Pension Plan - February 21, 2012
Group Internet-based course
Course level: Basic
CPE credits: 2
Time: 2:00 – 4:00 pm (Eastern)
Who Will Benefit
Administrative officials who manage the defined benefit program, finance officers who are looking for ways to reduce the costs of their defined benefit program.
The long-term fiscal sustainability of defined benefit pension funds is one of the hottest topics facing government investment professionals today. To achieve stability for their pension systems, many government employers are examining alternative benefit designs, including establishing new benefits tiers with lower costs. In this training session, industry experts and practitioners who have worked on successful sustainability initiatives will present best practices and case studies covering levels of benefits, plan design, and new benefit tiers, and provide practical strategies for cutting costs – from smaller changes to comprehensive redesigns – while still providing employees with sufficient retirement income.
- Provide strategies and tactics attendees can apply to cut pension costs and make their pension program sustainable for the long run.
- Explain points of concern regarding the needs of all pension stakeholders.
- Provide specific information about levels of benefits, plan design, and new benefit tiers. Provide case studies of jurisdictions that lowered their pension costs and made their plans more sustainable.
- Provide information in a form attendees can use to address their own pension cost concerns.
- GFOA best practices:
- Sustainable Funding Practices of Defined Benefit Pension Plans best practice
- Governance of Public Employee Retirement Systems best practice
- Responsible Management and Design Practices for Defined Benefit Pension Plans advisory
- Deferred Retirement Option Plans advisory
- Evaluating Use of Early Retirement Incentives advisory
- An Elected Official’s Guide to Public Retirement Plans
- An Elected Official’s Guide to Defined Benefit and Defined Contribution Retirement Plans
GFOA member: $85 Nonmember: $160