The competition for top academic and administrative talent in the country's institutions of higher learning is intense and costly. Additionally, challenging economic conditions are causing colleges and universities to critically examine the methods used to attract and retain these individuals.
It is common that these academic institutions have used traditional approached such as non-qualified deferred compensation plans to accomplish their retention goals. While these plans have the potential to provide a certain level of benefits for designated individuals, they can have detrimental effects to the financial health of the institution. The Secured University Retirement and Endowment (SURE) Program provides an alternative to traditional plans and results in a measurable improvement to the financial condition of the university. Moreover, participating individuals receive benefits that are more economically favorable than the commonly used deferred compensation plan.
The SURE Program can either work in concert with, or as a replacement to, existing plans.
For additional information or to request a follow up call to discuss the applicability of SURE to your institution, please contact us.