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August 25th, 2020 Information & Insights for the 403(b) Community If COVID-19 Prompts Teacher Retirements, Pensions in Jeopardy It would increase public pension plans’ required contributions and result in lower contributions by members. Financial Wellness Programs Should be Engaging and Include Objective Measures A Retirement Advisor Council paper recommends ensuring the program is accessible and usable to anyone regardless of literacy, wealth or earnings. Ask the Experts Can Nonresident Aliens Be Excluded From Deferring in 403(b)s? “We are a private health care organization which sponsors an Employee Retirement Income Security Act (ERISA) 403(b) plan. Can we exclude nonresident aliens from the right to make elective deferrals to our plan?” Educators Trying to Balance Safety With Finances Three-fourths of K-12 educators consider their job risky in terms of exposure to COVID-19, but they are also concerned about the pandemic's impact on their ability to save for retirement. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850