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View More Press Releases by Center for State and Local Government Excellence

Press release:

New Online Tool Offers Access to City and County Retiree Benefit Data

Issued by: Center for State and Local Government Excellence

Date: May 29, 2009

Searchable database allows users to compare localities of similar size and location

WASHINGTON, May 28 -- A new online tool offers detailed health care and pension data on the typical benefits cities and counties offer their retirees, and how they pay or plan to pay for these benefits.

The Government Benefits Comparison Tool, sponsored by the Center for State and Local Government Excellence (www.slge.org) and the Government Finance Officers Association (GFOA - www.gfoa.org), is an interactive resource allowing the user to search by population size, state, and geographic region and by size of the general fund revenue.

"We know that health insurance and retirement benefits are important in recruiting and retaining talented workers," said Elizabeth K. Kellar, president and CEO, Center for State and Local Government Excellence. "And now, for the first time, cities and counties will have access to benefits data from across the country in an easy-to-use database."

Once users select the characteristics that most closely match their government, the tool generates a series of metrics concerning pension benefits, wellness programs, retiree health care, and other informative GFOA financial indicators.

"The tool provides an excellent benchmark for public-sector decision makers to use in identifying how their retiree benefit management compares with governments of similar size," said Jeffrey L. Esser, executive director/CEO of GFOA.

The health care data come from a 2007/2008 retiree health care survey conducted by the Center for State and Local Government Excellence, the International City/County Management Association, and the faculty of North Carolina State University. The research was funded by the ICMA Retirement Corporation. The pension data come from the FY2006 GFOA Financial Indicators database, drawn from the comprehensive annual financial reports (CAFRs) of local governments across the United States. The data will be updated as it becomes available.

This informational benchmarking resource tool for state and local government leaders, academics, research institutions, and the general public is not intended to be a substitute for the financial or legal advice of an attorney, accountant, or other professional.

Link to the tool: http://mygfoa.org/gbct.

About the Center for State and Local Government Excellence

The Center for State and Local Government Excellence helps state and local governments become knowledgeable and competitive employers so they can attract and retain a talented and committed workforce. The Center identifies best practices and conducts research on competitive employment practices, workforce development, pensions, retiree health security, and financial planning. The Center also brings state and local leaders together with respected researchers and features the latest demographic data on the aging workforce, research studies, and news on health care, recruitment, and succession planning on its website, www.slge.org.

About the Government Finance Officers Association

The Government Finance Officers Association is the major professional association serving the needs of 17,600 appointed and elected local and state-level government officials and other finance practitioners. It provides top-quality publications, training programs, services, and products designed to enhance the skills and performance of those responsible for government finance policy and management. The association is headquartered in Chicago, Illinois, with offices in Washington, D.C. (www.gfoa.org).

View More Press Releases by Center for State and Local Government Excellence

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