| | Benefits & Administration | | New Vision of Retirement Calls for New Workplace Model | | A survey from the Transamerica Center for
Retirement Studies found that for most Baby Boomer workers, retirement is no
longer a point in time at which one immediately stops working. Sixty-eight
percent envision a phased transition into retirement during which they will
either continue working, reduce hours with more leisure time to enjoy life, or
work in a different capacity that is less demanding and/or brings greater
personal satisfaction. Only 21% expect to stop working completely right when
they retire.Read more > | | Targeted Education Quells Fears About Employee Savings | | A recent survey by the Plan Sponsor Council of
America (PSCA), sponsored by The Principal, found 27% of nonprofits believe
they have a responsibility to encourage employees to save for retirement, and
one-quarter believe they have that responsibility but would like to do more.
Aaron Friedman, national tax-exempt practice leader at The Principal, in
Shelton, Connecticut, says plan sponsors that want to do more can use plan
design provisions such as automatic enrollment—at a higher default percentage than
3%—and automatic deferral escalation to encourage employees to save. In
addition, targeted education is very effective at getting people to save or
save more, he tells PLANSPONSOR.Read more > | | | Sponsored message from Vanguard | The Washington Connection: Key issues in the run-up to mid-terms
In the newest “Washington Connection” installment, Ann Combs, head of Vanguard Government Relations, offers insight on the latest legislative and regulatory issues from our nation’s capital.Read more > | | | Products, Deals & People | | Mercer has launched Mercer BenefitsCentral, a
digital experience for its U.S. Large Market Benefits Administration clients
and their employees. BenefitsCentral provides inquiry and transaction
capabilities across all desktop, tablet, and mobile devices, enabling
participants to manage benefits anytime, anywhere, with a consistent experience
no matter the device.Read more > |
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