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September 3rd, 2021 Information & Insights for the 403(b) Community 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 amy.resnick@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. 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