News
October 2018
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(10/9/18) — As the Congressional Joint Select Committee for the Solvency of Multiemployer Pension Plans weighs options for strengthening the multiemployer pension system, there is considerable interest in critical-status plans, referred...
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Joseph A. LoCicero Receives the John L. Lewis Award
(10/3/18) — The Segal Group is pleased to announce that Joseph A. LoCicero, Chairman of The Segal Group and former President and CEO, has received the 18th Annual John L. Lewis Award from the National Coordinating Committee for...
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Segal Names New Corporate Consulting Business Leader
(10/2/18) — David Blumenstein, President and CEO of The Segal Group, announced that Tamara M. Simon, JD has joined The Segal Group as a Senior Vice President and the new Global Corporate Consulting Business Leader. In this role, Ms....
September 2018
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Increases in Medical and Rx Cost Trends Projected to Be Lower for 2019
(9/18/18) — For 2019, almost all medical plan trends for both active employees and retirees under age 65 are projected to be lower than 2018 projections. (Fee-for-service/indemnity plans are the exception.) Prescription drug cost trends,...
July 2018
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Latest Court Decision Affirms Use of the “Segal Blend” to Calculate Withdrawal Liability
(7/10/18) — On July 3, 2018, the United States District Court for the District of New Jersey handed down a decision in Manhattan Ford Lincoln, Inc. v. UAW Local 259 Pension Fund (the Manhattan Ford decision). That case concerned how...
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Segal Group Announces Officer Promotions
(7/10/18) — David Blumenstein, President and CEO of The Segal Group, announced the promotions noted below, which took effect on July 1. (The Segal office location is noted in the parentheses next to each officer’s name, practice and...
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(7/9/18) — The possibility of using more conservative interest rates for valuing multiemployer plan liabilities has been raised in deliberations of the Congressional Joint Select Committee on Solvency of Multiemployer Plans. To...
June 2018
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(6/1/18) — Most calendar-year multiemployer plans — 65 percent — are still in the green zone, according to Segal Consulting’s latest survey. Segal’s latest survey, which covers 2018 certifications that were due by March 31 for 200...
March 2018
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The Segal Group Acquires The Singer Group, Further Expanding HR Consulting Capabilities
(3/12/18) — David Blumenstein, President and CEO of The Segal Group, announced that effective today, the firm has acquired The Singer Group, a human resources and organizational development consulting firm based in the Baltimore area....
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A Plan for Managing the Complexities of a DC Recordkeeping Change
(3/9/18) — For retirement plan sponsors, implementing a change to defined contribution recordkeeping providers can lead to improved plan services, cost-savings or to both outcomes for the long-term benefit of participants. Depending on...
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Cigna and Express Scripts are a Good Fit
(3/8/18) — Nick Taylor, a Senior Pharmacy Benefits Consultant with The Segal Group, made the following statement following today’s news that Cigna has acquired Express Scripts: Cigna has a focused vision of impacting healthcare at a...
February 2018
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New York (2/28/18) — The latest federal government report from the National Center for Health Statistics (NCHS) shows that life expectancy at birth declined for the second consecutive year. Because shorter life expectancy translates into reduced...
January 2018
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The Segal Group Expands Corporate Consulting Footprint with Acquisition of Touchstone Consulting
(1/2/18) — David Blumenstein, President and CEO of The Segal Group, announced that effective January 1, 2018 the firm has acquired The Touchstone Consulting Group, an employee benefits consulting firm based in Worcester, MA. Touchstone...
December 2017
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Check, Change and Consider: Segal Group Releases Key Compliance Resource for Benefit Plan Sponsors
(12/12/17) — The Segal Group has published 2018 Reporting & Disclosure Calendars for multiemployer and single employer benefit plans. The calendars summarize the annual compliance requirements and disclosure obligations that health...
October 2017
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Rx Plan Cost Trend Projections Decrease, but Remain in Double-Digits
New York (10/3/17) — The projected cost trend for prescription drugs in 2018 is still high, but not as high as last year. According to the 2018 Segal Health Plan Cost Trend Survey, trend rates for both actives/early retirees and specialty drugs...
September 2017
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Segal Group Projects Lower Rx Cost Trend Increases in 2018
New York (9/22/17) — The rising criticism over soaring drug prices may have caught the attention of some drug manufacturers, as the increase in prescription drug benefit cost trends will be lower in 2018 than in 2017, according to The Segal...
August 2017
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Segal Consulting Survey Shows Majority of Multiemployer Pension Plans in Green Zone
New York (8/21/17) — Segal Consulting’s most recent survey of multiemployer pension plans’ zone status shows that among more than 200 multiemployer clients with calendar-year plans, the majority (65 percent) are in the green zone. The average...
July 2017
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Segal Adds Senior Vice President in Retirement Practice
New York (7/26/17) — David Blumenstein, President and CEO of The Segal Group, has announced that Jason Russell joined the firm as a Senior Vice President and Consulting Actuary. Mr. Russell comes to Segal with more than 17 years of actuarial and...
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Ten Awards and Counting for Segal Group in 2017
New York (7/26/17) — Randolph B. Carter, Senior Vice President and National Communications Practice Leader for The Segal Group, announced that the firm has 10 national awards thus far in 2017 for employee benefits communications programs created...
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Study Shows Spike in State Employee Health Benefit Costs
New York (7/21/17) — State employees continue to be offered a wide range of medical plan choices, while their total costs and premiums are increasing despite ongoing efforts to mitigate and manage trend. These are just a couple of key findings...
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Segal Group Announces Officer Promotions
New York (7/11/17) — David Blumenstein, President and CEO of The Segal Group, announced the following promotions, which took effect on July 1 (the Segal office location is noted in the parentheses next to each officer’s name): To Senior Vice...
May 2017
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Segal Group Names Eli Greenblum Chief Actuary
New York (5/2/17) — David Blumenstein, President and CEO of The Segal Group, announced that Eli Greenblum has been named the firm’s Chief Actuary, effective May 1. Mr. Greenblum succeeds Tom Levy, who stepped down from the role after over 30...
April 2017
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Segal Names New Public Sector Market Director
New York (4/6/17) — David Blumenstein, President and CEO of The Segal Group, has named Andrew D. Sherman the firm’s National Public Sector Market Director, effective May 1, 2017. On that date, Mr. Sherman will succeed Cathie G. Eitelberg, who is...
January 2017
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State Retirement Savings Initiatives a Win-Win Opportunity
New York (1/23/17) — Private sector workers enhance their retirement security while the state saves on Medicaid costs. With retirement savings falling short of what many workers need, several states have taken steps to establish workplace...
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Segal Group Announces Executive Promotions
New York (1/23/17) — David Blumenstein, President and CEO of The Segal Group, has announced the following executive promotions, which all took effect on January 1: John Flynn has been named The Segal Group’s Chief Operating Officer (COO). Mr....
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Segal Consulting Report Shows Zone Status of Multiemployer Plans Remains Stable
New York (1/19/17) — The latest Survey of Plans’ Zone Status from Segal Consulting shows that a majority of multiemployer plans are still in the green zone. The survey found 64 percent of plans are in the green zone while the percentage of plans...
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Segal Rogerscasey Officially Acquires Marco Consulting Group
New York (1/3/17) — Segal Rogerscasey, the SEC registered investment consulting business of The Segal Group, finalized their acquisition of Marco Consulting Group (MCG) today. The combined firm will be known as Segal Marco Advisors...
October 2016
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Segal Group Projects Double-Digit Prescription Drug Benefit
New York (10/3/16) — Prescription drug benefit cost trends for active populations continue to increase at double-digit rates, according to forecasts in Segal’s 2017 Health Plan Cost Trend Survey. The prescription drug cost trend for active...
September 2016
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Segal Names New National Director of Multiemployer Consulting
New York (9/20/16) — David Blumenstein, Senior Vice President and incoming President and CEO of The Segal Group, announced that senior vice president and benefits consultant David Brenner has been appointed Segal Consulting’s National Director of...
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Segal Rogerscasey to Acquire Marco Consulting Group
New York (9/12/16) — Joseph A. LoCicero, President and CEO of The Segal Group, Inc. announced today that Segal Rogerscasey, the firm’s SEC registered investment consulting business, has signed an asset purchase agreement to acquire the business...
August 2016
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Segal Expands Health Practice Expertise in Midwest Region
New York (8/16/16) — Joseph A. LoCicero, President and CEO of The Segal Group, has announced that Daniel A. Levin has joined the firm as Senior Vice President and Health Actuary. Mr. Levin has 20 years of experience in health care consulting,...
July 2016
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Segal Group Announces Officer Promotions
New York (7/18/16) — Joseph A. LoCicero, President and CEO of The Segal Group, announced the following recent officer promotions (office location in parentheses): To Senior Vice President: Susan L. Boyle, Vice President and Actuary (New...
June 2016
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Majority of Multiemployer Retirement Plans Are in The Green Zone, According to Segal Consulting
New York (6/22/16) — Multiemployer retirement plans are making headlines for their financial troubles, but it is easy to lose sight of an important reality: A majority of plans are in the green zone, as confirmed by Segal Consulting’s latest...
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The Segal Group Announces New President and CEO
New York (6/13/16) — The Board of Directors of The Segal Group has announced that David Blumenstein has been named President and CEO, effective October 1, 2016. On that date, Mr. Blumenstein will succeed Joseph A. LoCicero, who has been...
May 2016
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Segal Group Expands Communications Practice
New York (5/16/16) — Joseph A. LoCicero, President and CEO of The Segal Group, announced that Jennifer Schuster has rejoined the firm as a Vice President and Senior Consultant in the Communications Practice. Ms. Schuster has 20 years of...
April 2016
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Segal Adds Experienced Retirement Consultant
New York (4/25/16) — Joseph A. LoCicero, President & CEO of The Segal Group, announced that David A. Berger has joined the firm as a Vice President and Associate Actuary in the Atlanta office. Mr. Berger has more than 25 years of experience...
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Segal Group Expands Administration & Technology Practice
New York (4/11/16) — Joseph A. LoCicero, President and CEO of The Segal Group, announced that Michael Stoyanovich has joined the firm as a Vice President and Senior Consultant in the Administration & Technology Consulting (ATC)...
January 2016
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New York (1/26/16) — Joseph A. LoCicero, President & CEO of The Segal Group, has announced that Segal’s Dallas office will move. Effective January 28, the new address is: 5057 Keller Springs Road, Suite 110Addison, TX 75001-6316 All phone...
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