Many employers are concerned about the growing cost of retiree benefits. They wrestle with several solutions for funding retirement benefits. One alternative solution is funding retiree benefits in a captive.
Retiree medical and executive plans don't require funding, but companies may benefit by offsetting the liability they hold. Investment products through a captive insurance company can address all these issues without excessive payments to a third party insurer.
Jay Fundling, consulting actuary at Spring Consulting Group, LLC, has 10 years of experience in retirement consulting and is an expert in funding and valuation of US pension and retiree medical plans. Spring would also be able to provide a case study of a Fortune 500 company who is currently looking into the possibility of funding retiree benefits in a captive.
About Spring Consulting Group:
Spring Consulting Group, LLC, based in Boston, provides strategic consulting services to Fortune 500 companies including financial services and insurance organizations throughout the world. In addition to advising these companies, the firm provides consulting services to employers on the use of captive insurance facilities for employee benefits. Spring assists clients in all phases of strategy assessment, development, and implementation.
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