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We Can See the Light Ahead.
Managing Through Fiscal Stress is Segal's special e-mail series designed to help our public sector clients find immediate solutions, meet short-term challenges and improve long-term performance in the current economic downturn.
We have published five bi-weekly e-mails over the past weeks that offered practical suggestions for helping your organization focus on seeing the light ahead:
- First edition of Managing Through Fiscal Stress
Workforce Decisions for Now and Later - Second edition of Managing Through Fiscal Stress
Aligning Total Rewards Strategy with Workforce Management - Third edition of Managing Through Fiscal Stress
Health Plan Management During Turbulent Times - Fourth edition of Managing Through Fiscal Stress
Using Voluntary Benefits to Satisfy Employees' Benefits Needs During Tough Economic Times - Fifth edition of Managing Through Fiscal Stress
Retirement Plan Management During Difficult Times
Managing Through Fiscal Stress Survey
The Segal Company has collected responses from state and local governments about recent workforce management practices through our Managing Through Fiscal Stress online survey.
Learn more about managing the following during times of fiscal stress:
Universal Concerns
- Update on State Budget Gaps: FY 2009 & FY 2010
Report from the National Conference of State Legislatures
Reductions in Force
- March 2009 Public Sector Letter, "Managing Through Fiscal Stress: Reductions in Force"
- "State Budget Troubles Worsen"
Article from The Center on Budget and Policy Priorities - "Eight Steps to Instituting a Successful Reduction in Force, and One Interesting Alternative"
Article by Segal Company Senior Vice Presidents Cathie Eitelberg and Elliot Susseles that appeared in the February issue of IPMA-HR News, published by the International Public Management Association for Human Resources (www.IPMA-HR.org).
Total Rewards
Health Benefits
- April 2009 Public Sector Letter, "Managing Through Fiscal Stress: Avoiding Health Plan Side Effects During an Economic Recession"
- 2009 Segal Health Plan Cost Trend Survey
- February 2009 Bulletin, "The Stimulus Law's Temporary Subsidy for COBRA Premiums"
- June 2008 Public Sector Letter, "Total Health Management: A Targeted Approach to Improving the Quality of Care and Ensuring Appropriate Utilization"
- "Health Spending Projections Through 2018: Recession Effects Add Uncertainty To The Outlook"
Article from Health Affairs
Voluntary Benefits
Retirement Plans
- April 2009 Bulletin, "Public Sector Compliance Wrap-up"
- Pensionomics: Measuring the Economic Impact of State and Local Pension Plans
Report from the National Institute on Retirement Security - Key Facts Regarding State & Local Government Defined Benefit Retirement Plans
Report from the National Association of State Retirement Administrators - January 2009 Public Sector Letter, "Market Value Liability and Public Pension Plans: A Continuing Controversy"
- The Funding Status of Locally Administered Pension Plans
Report from the Center for Retirement Research
Contact us for more information
We have put together a team of knowledgeable senior consultants who are ready to answer your questions and direct you to a colleague with specific consulting expertise. Please do not hesitate to reach out to a member of the team listed below.
For questions related to any Managing Through Fiscal Stress topic:
Cathie Eitelberg
Senior Vice President, National Director, Public Sector Market
202.833.6437
ceitelberg@segalco.com
For questions related to reductions in force or total rewards:
Elliot Susseles
Senior Vice President, Public Sector Compensation and Bargaining Practice Leader
202.833.6436
esusseles@segalco.com
For questions related to managing health benefits:
Rick Johnson
Senior Vice President, National Public Sector Health Practice Leader
202.833.6470
rjohnson@segalco.com
Gary Petersen
Vice President, Western Region Health Practice Leader
602.381.4024
gpetersen@segalco.com
For questions related to managing retirement benefits:
Howard Rog
Senior Vice President, Benefits Consultant, Actuary
212.251.5429
hrog@segalco.com
Rocky Joyner
Vice President and Actuary
678.306.3119
rjoyner@segalco.com
For questions related to voluntary benefits:
Lawrence Singer
Senior Vice President
212.251.5095
lsinger@segalco.com
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