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December 6th, 2016 |
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ASK THE EXPERTS
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Can Unused Vacation/Sick Time Be Deferred to 457 Plans? “I have a retiring employee who is eligible to receive a significant cash payout of unused sick/vacation time shortly after she retires. She will not be able to defer the full amount of sick/vacation pay into the 403(b) plan without exceeding the 402(g) limit. Could she defer the remainder into the 457(b) plan for which she is eligible?”Read more > |
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Most Young Workers Predict Longer CareersAccording to Merrill researchers, the vast majority (83%) of Millennials plan to work in retirement, whether for income, to keep busy or to pursue a passion. The analysis shows half of younger Millennials, ages 18 to 24, believe they need to take on a side job to reach their retirement goals, compared to only 25% of all respondents.Read more > |
| U.S. Retirement Policymakers Can Learn from UK ReformsFaced with a daunting retirement savings shortfall, U.K. policymakers instituted a series of reforms that has expanded retirement plan coverage for workers, and a new issue brief offers a detailed analysis for U.S. policymakers about the initiatives.Read more > |
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