For decades, risk managers have dealt with Workers Compensation insurance and developed expertise on the related employee medical risks. The same best practices that apply to WC (and other P&C risk exposures) can and should apply to management of corporate benefit liabilities arising from both active and retired employee populations – life, disability, accident, medical and pensions. The cost of employee benefits has increased dramatically in recent years and the need to comply with federal healthcare reform makes it all the more imperative that risks be managed and financed optimally. This session will explore the nature of benefit risk exposures and describe the options available to employers to finance the risk with familiar risk management tools including risk retention, self insurance, and captives.