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July 24th, 2020 Information & Insights for the 403(b) Community Phased Retirement Programs Offer Perks for Employees and Employers A phased retirement program can help employers address workforce issues and help employees make a smooth transition, and it should include education and advice. Doll Foresees Deepest Recession Since World War II But the chief equity strategist at Nuveen expects it to be short-lived. Ask the Experts Email rebecca.moore@issgovernance.com with subject line “Ask the Experts.” Increase in Financial Wellness Programs Linked to Pandemic Concerns As workers figure out how COVID-19 will impact their finances, more plan sponsors are adding and growing financial well-being incentives.  An Inside View of a K-12 Retirement Plan Consortium A case study for a Public K-12 403(b)/457(b) plan consortium offers considerations for school districts about adopting this model. Pandemic Causing Older Workers to Leave Workforce Earlier Than Planned Many workers near retirement age who may be worried about COVID-19 are turning to early retirement, but doing so comes at a cost. Court Finds Nonprofit Still Owes Money to Kentucky Retirement System A nonprofit was allowed to file for bankruptcy and exit the Kentucky Retirement System, but a federal court has ruled it still owed contributions while bankruptcy proceedings were ongoing. State Unclaimed Property Programs May Help Find Missing Participants The ERISA Advisory Council is asking the DOL to issue guidance on plan sponsor use of these programs which reunite people with unclaimed property as often as 72% of the time. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox!

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