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| Benefits & Administration |
| Employers Struggling to Understand Retirement Patterns of Employees |
| Willis Towers Watson published a white paper exploring employer’s lack of confidence when it comes to tracking their employees’ plans for when and how to retire. “Employers are concerned both about increasing retirements and the resulting loss of seasoned employees’ skill and experience, as well as rising numbers of delayed departures leading to higher salary and benefit costs,” the paper says. Accordingly, Willis Towers Watson finds firms are taking a new look at retirement patterns, developing new strategies for balancing the supply and demand of older workers’ talent, and integrating their workplace programs for physical, social, and financial well-being.Read more > |
| Predictions for Employer Actions to Reduce Health Care Costs in 2019 |
| Transformation in health care delivery, focus on high-dollar claims and drug costs, and continued movement to account-based plans are among the list for what employer health benefit providers and advocates see happening in 2019.Read more > |
| Americans Optimistic About Their Financial Prospects for 2019 |
| Americans’ top three financial goals for the New Year are to save more, cited by 48%, to pay down debt (29%) and spend less (15%), according to the 10th Annual Fidelity Resolutions Study. This is the 10th year in a row that these three goals have been Americans’ top financial resolutions for the New Year. Among those who have pledged to save more in 2019, 48% are planning to increase their savings to a 401(k) or individual retirement account (IRA) by 1 percentage point or more of their salary in 2019, up from 43% in 2017.Read more > |
