Municipalities with public employee pension funds are facing difficult fiscal conditions, significant budget gaps and are trying to ensure that pension underfunding liabilities don’t grow. These organizations need better control of the volatility of their pension fund and more control over unexpected expenses.
A Solution Designed to Meet Strategic Objectives
SEI’s strategic advice and analysis capabilities allow us to deliver customized pension solutions that meet your specific objectives. We have experts focused in all areas form the plan, from investments, to administration, to actuarial disciplines, and will work with you to put a solution in place that best suits your needs.
Key to our advice delivery is our proprietary modeling capability. By aggregating all of your critical pension, budgetary and workforce data, we put your total picture into a larger context and break down the silos associated with the traditional pension model. We model how a variety of capital market and interest rate scenarios affect future contributions and other key pension and budgeting ratios.
A Continuous, Proactive Approach
SEI views the partnership with our client as a continuous, ongoing process. Our pension professionals meet with municipality clients on a regular basis to ensure their solution still meets the stated objectives and to assist in making adjustments where necessary.
Enhanced Level of Fiduciary Protection
While the traditional consultant model provides direction for the pre-screening and evaluation of investment managers, a consulting firm will typically disclaim who they are “recommending,” leaving the full fiduciary responsibility on the shoulders of the plan trustees. Unlike the traditional consultant model, SEI takes on full fiduciary responsibility by sharing equally in liability for the overall plan structure and investment manager implementation.
SEI has more than 20 years of experience in managing municipal pension plans. SEI previously operated as the largest institutional pension consultant and our clients representing a variety of local and state government plans.
Today, as one of the largest Manager of Managers in the United States, SEI is a leader in delivering comprehensive investment solutions to municipal pension plans. The SEI solution emphasizes holistic advice combined with complete downstream implementation to ensure that our clients’ plans runs efficiently, receive the highest quality investment, and support the overall organizational strategy.
