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March 22nd, 2022 Information & Insights for the 403(b) Community Understanding Retirement Plan Leakage Triggers and Costs Participants have numerous reasons for taking a pre-retirement distribution. Inflation’s Impact on Health Care Costs in Retirement An analysis from HealthView Services shows how inflation dramatically increases what future retirees will have to pay for health care. Ask the Experts Vesting Schedule Considerations for Eligible 457(b) Plans “We are a public university that sponsors a 403(b) and an eligible 457(b) plan. We have a vesting schedule in our 403(b) plan for employer contributions. We are considering adding employer contributions for certain employees to our 457(b) plan (currently, our 457(b) is limited to elective deferrals), and were wondering if we could use the same vesting schedule that we have in our 403(b) plan in our eligible 457(b) plan for consistency purposes. Can we have a vesting schedule in our 457(b)?” Security Benefit Announces CEO Mike Kiley’s Retirement Security Benefit has announced that CEO Mike Kiley will retire effective June 30. Kiley will continue to serve as chairman of Security Benefit Life Insurance Company’s board of directors. Doug Wolff, currently president of SBL, will assume the role of CEO as of June 30. 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