Future World

Employers who offer post-retirement health care
must endure escalating retiree costs and significantly increased FAS liabilities. Given longer life expectancies, new and costly drugs, diagnostic tools, and treatments, there is absolutely no relief in sight.

Services At a Glance

Addressing Your Retiree Issues

Strategic Planning Associates has found that an
effective post-retirement strategy requires more
than simply modifying your plan design. Complex
regulatory and financial considerations are making
post-retirement benefits increasingly difficult for any
employer to maintain.

The traditional approach – "capping" post-retirement
benefits – addresses immediate accounting concerns,
but is not a realistic solution. Over time, as retiree costs
continue to increase disproportionately, the capped benefit
will become meaningless. Retiree health care will be prohibitively expensive
– making early retirement a less attractive, if not altogether unattainable, option.

In our experience, the major post-retirement benefit challenges are cultural. Employees and retirees may not understand the regulatory, accounting, and social complications that make these benefits so hard to continue. There are solutions, but they all require changes in employee expectations and involvement. Only Strategic Planning Associates, with our interactive, consensus-building approach, can ensure that culture change is integrated with your post-retirement benefit strategy.

To learn more about how we can help your organization with its post-retirement needs, contact us at info@strategicplanningassociates.com