What’s the Recipe? Creating a Successful Public Sector Retirement Plan for Retirees
Combining the right mix of benefits and services for public sector retirement plans can provide real value to both employers and employees. Governments need to understand and choose the different ingredients available to create a benefits plan that ensures it is achieving adequate income replacement for retirees. This session will help you:
- Understand why 457 plans are no longer “nice to have” but need to be considered as an integral component of an employee’s retirement income strategy.
- Realize that it’s up to you/the plan sponsor and plan provider to take an active approach in promoting workplace savings in order for 457 plans to be an effective source of retirement income.
- Determine strategies to broaden and refocus communication about 457 plans beyond an emphasis on education for “do-it-yourself” investors, to present clear and complementary “all-inclusive” solutions for the majority of your employees.
Glenn Sherman
Glenn Sherman is Vice President of Retirement Plans for ICMA-RC. His responsibilities include management of ICMA-RC’s 457, 401, Retiree Health, and IRA programs. Mr. Sherman is responsible for ongoing development and enhancement of these programs in response to competitive, market and legislative and regulatory changes, as well as development and introduction of new programs in support of ICMA-RC’s mission. Mr. Sherman oversaw the development and introduction of ICMA-RC’s guaranteed lifetime income solution.
Mr. Sherman has nearly 25 years of financial services product development experience. Prior to joining ICMA-RC in 2004, Mr. Sherman was President at Retirement Plan Services, LLC, a regional third-party administrator. Prior to Retirement Plan Services, LLC, Mr. Sherman was Vice President, Employee Benefits Product Manager, SunTrust Bank. Mr. Sherman earned a BS in economics from George Mason University and an MBA from Virginia Commonwealth University.
Randy McLaurin
Mr. McLaurin serves as a Director, Relationship Management. He has over twenty years of working in the Retirement Services industry for mission-based organizations, including the past eight years with ICMA-RC. In 2013, he relocated from his native Denver, Colorado to the Washington, DC area. He is assigned to a number of prominent clients in the region including: the District of Columbia, Prince George’s County, MD, City of Philadelphia, Monroe County, NY and Washington Suburban Sanitary Commission. He has extensive experience in contract negotiations, client acquisition, team development and data analysis.
Some of his notable accomplishments with ICMA-RC are having the keen ability to improve plan participant trends and identify specific behaviors which tend to create barriers in Building Retirement Security. As a result of Mr. McLaurin’s achievements he was been a member of ICMA-RC’s distinguished Leaders’ Circle, has been nominated for the Leadership Award by his peers and has directed national award winning communication strategies.
Mr. McLaurin participated in an Executive Masters of Business Administration graduate studies program at the University of Denver. He holds FINRA registrations 6, 63, and 26. Additionally, he obtained a Chartered Retirement Plans Specialist designation from the College of Financial Planning.