Far beneath the all-too-familiar North American pension crisis, there lurks a shadow crisis, related to Supplemental Executive Retirement Plans (SERPs).
Supplemental Executive Retirement Plans are a necessary component of executive compensation and a fact of life in North America. They help both public and private sector corporations attract and retain the necessary key executive talent.
There is a lot of concern that these SERPs are very costly, as are the bank standby letters of credit used to secure them… and those costs are rising.
In today’s rapidly changing global environment, a number of adverse elements have aligned, challenging the status quo… causing organizations to re-examine how they can optimize funding and management of their unfunded SERP obligations.
These challenges are affecting most major organizations, running the entire spectrum… from mere annoyance, to existential threat.
Public and private sector organizations and PPPs are under pressure. approaching a tipping point… and searching for a New Paradigm.
Now there’s a new approach…
E. & O. E.