A Practical Retirement Approach for the Future of You and Your City

Time: 2:00 pm - 3:30 pm

Date: Wednesday, November 20, 2019

Theatre: Convention Center

20-11-2019 14:00 20-11-2019 15:30 America/Chicago A Practical Retirement Approach for the Future of You and Your City

City governments, in their role as employers, are striving to attract talent that can support the critical work of serving communities. However, the wages of state and local government employees tend to be lower than for private sector employees with similar education and experience. So, how can municipal employers provide a more competitive alternative? One… Read more »

NLC City Summit

Synopsis

City governments, in their role as employers, are striving to attract talent that can support the critical work of serving communities. However, the wages of state and local government employees tend to be lower than for private sector employees with similar education and experience. So, how can municipal employers provide a more competitive alternative? One way is through employer-sponsored retirement benefits. As several states have reformed their retirement systems since the Great Recession of 2008, it is important for employers and employees alike to understand their pension plan options. This NLCU course equips city leaders with an understanding of DB and DC pension plans, so that their local government can better attract top talent. The class also provides a series of questions that city leaders can use to better understand their plans, the potential for changes and the impact of changes on employees and the competitiveness of the city in the labor market.

Learning Objectives

  • Elected officials should recognize which parties (such as pension plan providers, human resources staff, finance staff and employees) they can work with to understand basic pension plan features. They should also understand how they can work with their plan providers to understand employee contribution features and with their human resources staff to better communicate the various pension plan offerings to their employees.
  • Elected officials should understand which pension plans their city provides to government employees. They should also understand how those plans differ for government employees vs. public safety employees.
  • Elected officials should critically analyze whether the benefits their city provides allow them to recruit and retain the workforce their city needs.

Credits: 2
Cost: Free

NLC University seminars are not included in the standard conference fee. Add seminars to your basket during registration to enroll. Already registered for the conference?  Log in to your profile and simply add seminars to your account.

Trainer

  • Anita Yadavalli, PhD Program Director, City Fiscal Policy Research, Center for City Solutions - NLC

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