5. Economy: Government-sector employers will emphasize cost containment measures for their benefits plans.
After several years of lower tax revenues, government employers must reduce benefits or raise their employees' share of the costs.
"The good news is there's a huge opportunity for government employers to control costs by changing their benefits plan design," says Pat McCullough, Colonial Life's public sector practice leader. "Government employers have been slower than other industry segments to shift away from the more comprehensive, paternalistic benefits models of the past, but there are solutions to help them offer strong packages and still save money."
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