Retirement plans are the cornerstone of the benefits package that the public sector offers to attract and retain quality employees.
FRS Capital Management has decades of experience in the design, implementation, administration, investment management, and employee education of municipal retirement plans.
Retirement plans must be integrated with OPBs ( other than pension benefits ) for the entire benefits package to work. Defined benefit and defined contribution pension plans have different ways to integrate with deferred compensation plans, DROPs and post retirement medical programs.
Your employees need a clear understanding of what your benefits program will and will not do for them and they need to understand what your pension plan will do for them and their families both in retirement and in the event of a pre-retirement death or disability.
The five steps:
- Plan design
- Implementation of the plan
- Administration of the plan
- Investment Management
- Employee education
All of your employee benefit plans must be integrated in order for the plan trustees (elected officials) to meet their fiduciary duties and responsibilities. Our investment management, plan services and legislative knowledge help the elected officials as plan trustees fulfill their fiduciary duties to the plan.
