|
| Benefits & Administration |
| PGIM DC Leader Urges Aggressive Plan Design, Sponsor Courage |
| Drawing insights from across the entire Prudential Financial organization, Josh Cohen, PGIM head of defined contribution, offers some sobering statistics about the performance of defined contribution (DC) plans—as well as some strategies for broadly boosting plan performance and participant outcomes.Read more > |
| Millennials Foresee No Such Thing as a Comfortable Retirement |
| Millennials don’t share the confidence of Baby Boomers and Gen Xers that they will be financially better off than their parents, Prudential Financial learned in a survey. Eighty-eight percent of Millennials say that people in their 20s and 30s will need to work much longer than previous generations to retire with the same level of financial security. Even if they do work longer, 79% believe that by the age of 80, a comfortable retirement will be a thing of the past. Seventy percent say that is because they are unable to save as much as retirement planning tools recommend.Read more > |
|
| Compliance |
| EEOC Sues Employer Over Forced Retirement Policy |
| A Southfield, Michigan-based oral surgery practice will pay $47,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC’s lawsuit charged that Professional Endodontics, P.C. violated federal law by firing Karen Ruerat four days after her 65th birthday, pursuant to a company policy which required employees to retire at age 65.Read more > |
