Public Sector Retirement Plan Changes Identified in ICMA-RC/SLGE Brief

Posted: October 10, 2012 at 3:23 am


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WASHINGTON, Oct. 9, 2012 /PRNewswire/ --According to a brief released by ICMA-RC and the Center for State and Local Government Excellence (SLGE), one-third of human resource executives made changes to the retirement plans they offer to employees within the past 12 months.[1] The brief, Local Government Employment, Benefits, and Retirement Issues, was released to thousands of public employees at the 98th Annual ICMA Conference in Phoenix, Arizona this past weekend.

"State and local government leaders face difficult issues involving retirement and health care benefits," said ICMA-RC President and CEO and Vice Chair of the Center for State and Local Government Excellence Joan McCallen. "Preparing public employees for retirement is a challenge made easier by understanding workplace priorities and behaviors. We hope this brief will contribute to the existing dialogue and encourage public sector employers and employees to take advantage of opportunities available to them."

"With a growing wave of retirements and sustained fiscal constraints, local government leaders could be surprised at how difficult it is to fill key positions," said Elizabeth Kellar, President and CEO of SLGE. "Part of the solution is to help employees develop critically important skills. Equally important is to build 21st Century human resources practices that will appeal to the next generation of public servants."

Additional brief highlights:

During the past six years, with ICMA-RC's support, SLGE has released more than 35 studies with the goal of educating local and state public employees and employers, other sectors and levels of government, the media, and the public about a range of issues facing governments.

About ICMA-RC

Founded in 1972, ICMA-RC is a non-profit independent financial services corporation focused on providing retirement plans and related services for more than a million public sector participant accounts and approximately 9,000 retirement plans. Our mission is to help build retirement security for public employees. We deliver on our mission by focusing on service, quality and value. All of our retirement programs, administrative services and educational tools have been developed specifically for public sector retirement plan administrators and participants. For more information, visit http://www.icmarc.org.

About the Center for State and Local Government Excellence The Center for State and Local Government Excellence helps state and local governments become knowledgeable and competitive employers so they can attract and retain a talented and committed workforce. The Center identifies best practices and conducts research on competitive employment practices, workforce development, pensions, retiree health security, and financial planning. The Center also brings state and local leaders together with respected researchers and features the latest demographic data on the aging workforce, research studies, and news on health care, recruitment, and succession planning on its website, http://www.slge.org. AC 0912-5999

[1] Survey Findings: State and Local Government Workforce: 2012 Trends. Center for State and Local Government Excellence. http://slge.org/wp-content/uploads/2012/04/S-L-Govt-Workforce-2012_12-195_web.pdf.

[2] Current Employment Statistics - CES (National). Bureau of Labor Statistics. U.S. Department of Labor. http://www.bls.gov/ces/. (not seasonally adjusted)

Read more here:
Public Sector Retirement Plan Changes Identified in ICMA-RC/SLGE Brief

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October 10th, 2012 at 3:23 am

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