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PLANSPONSOR BLINESs LOGO September 3rd, 2021
Information & Insights for the 403(b) Community
Social Security to Run Out of Money Sooner Than Previously Expected
Social Security to Run Out of Money Sooner Than Previously Expected
To avoid depletion, payroll taxes will need to be increased, benefits cut or both, and waiting will mean larger changes will be necessary, the Social Security Board of Trustees warns in an annual report.
New Report Ranks Teacher Pensions on Key Metrics
With more than 3 million public school teachers in the U.S. workforce, public teacher retirement is a broad retirement security issue for Americans, according to the nonprofit group Bellwether Education Partners.
Ask the Experts
Email rebecca.moore@issgovernance.com
with subject line “Ask the Experts.”
Plan Sponsors Should Eliminate Jargon in Their Communications
Participants shared with Empower the simple, direct retirement plan terminology they would prefer.
Sponsors Can Help Participants Incorporate a Financial Timeline to Reduce Debt
Experts say analyzing finances and creating a plan will likely help workers with their personal debt.
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