State-Run Retirement Savings Plans are a Win-Win, According to Segal Consulting

Business Wire

Retirement Security for Private Workers and Medicaid Savings for States

NEW YORK--(BUSINESS WIRE)-- Next week, the Senate will consider a rollback on regulations that allow states to set up retirement plans for the tens of millions of private sector workers that are not covered. Segal Consulting estimates that in addition to private sector workers improving their retirement security, the savings resulting from these plans could be $5 billion in state Medicaid expenditures if implemented nationwide.

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(Graphic: Business Wire)

Segal’s new infographic shows just how much each state could save, and lists key considerations for states looking to embark on expanding retirement access for private sector employees. The infographic provides a summary of key points from the report released by Segal earlier this year.

Segal Consulting (www.segalco.com), a member of The Segal Group, is a leading independent firm of benefit, compensation and human resources consultants. Clients include boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act, state and local governments, corporations, non-profit organizations and professional service firms.

The Segal Group (www.segalgroup.net) is a privately-owned benefits, compensation and investment consulting firm with more than 1,000 employees throughout the U.S. and Canada. Members of The Segal Group include: Segal Consulting, Sibson Consulting, Segal Select Insurance Services, Inc. and Segal Marco Advisors.