Post-retirement benefits are challenging for an employer to fund and ultimately provide. While other benefits are similar to a salary in that they are paid to the employee as they provide their services, post-retirement benefits are intended to benefit the employee years or decades after the labor is provided. Some benefits like Defined Benefit Pension Plans mandate advanced funding, which requires the employer to manage assets in tune with a large liability. Other plans, like retiree welfare, do not require funding. However, without pre-funding retiree welfare benefits, the employer is only delaying payments that will ultimately come due.
Spring offers solutions to the unpredictability of obligations that are to be paid decades in the future. Our solutions allow employers to manage the unpredictable, while still keeping control of their assets and investments.
Our expertise includes:
Spring’s Funding Decision Process: