Mandated Employer Retirement Plans: What They Mean for Small Businesses in California and Beyond

Trinet

In 2012, California passed a law requiring companies with five or more employees to offer retirement plans. The California Secure Choice Retirement Savings Trust Act is expected to be implemented by.

The New Federal Government Retirement Account and its Impact on Employers

Trinet

Legal News & Compliance retirement Retirement laws CaliforniaOver 55 million Americans currently do not have a 401(k) or other employer-sponsored savings plan. On November 5, the U.S. Department of the Treasury responded to this growing issue by rolling out a.

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3 Ways to Prepare for the Retirement Boom

Cornerstone On Demand

Today, I'll explore a topic leaders have been hearing for a while, but not yet heeded: Baby boomers are reaching retirement age. Baby boomer retirement means over 40 percent of the 9-to-5 corporate workforce will be gone in the next decade. If the baby boomers don't retire?

Required Reading for HR: Internet Trends 2015

China Gorman

You may think from the title that Internet Trends 2015 is a report that has nothing to do with Human Resources. Really. I’m not kidding. You couldn’t be more wrong. It’s ALL about HR.

Trends 190

Work Now, Retire Later

ADP

Despite the attraction of retirement, however, the baby boomer generation continues to delay leaving the workforce. Human Capital Management Retirement ADP Research Institute adpri Employee Benefits retirement Retirement Planning

Future Friday: The end of retirement?

OmegaHR Solutions

The fifth change they talked about is the subject of retirement, something, I must admit, has been a more frequent subject in my life. There are a number of reasons that the “standard” retirement age of 65 is no longer viable. Phased retirement.

Small Business Retirement Marketplace: Innovative Solution to Retirement Woes

Paychex

The Washington Small Business Retirement Marketplace is offering a retirement solution for employers and employees

The Increased Prevalence of DC Pension Plans is Going to Change the Way We Retire. How to Prepare?

Something Different

<www.forbes.com> …Okay, so this evening I was reading a white paper from Aon Hewitt (you can find it here ) that states the following: One of the key findings from this research is that there appears to be a welcome sense of realism among employees about their retirement prospects.

Only One in Five Workers are on Track to Retire at Age 65…

Something Different

<Forbes.com> …So this evening I came across a white paper from Aon Hewitt here that shows only 1/5th of the workforce is putting away enough earnings to retire when their parents did.

6 Steps to Take Before Key Employees Retire

ATD Human Capital

An increasing number of workers are approaching retirement age in the United States. One organization that is facing this threat of impending retirements is KONE, a major Finnish company (with a large U.S.

Retirement: Expectations vs. Reality

HRExecutive

A comprehensive survey of workers and retirees by the Transamerica Center for Retirement Studies reveals a big disconnect between employees’ expectations concerning retirement and what they — and their employers — are actually doing to prepare for it.

Quick Shots for HR and Business Pros – #myRA #Retirement Edition

HR Bartender

There’s a well-worn statistic from Pew Research that says roughly 10,000 Boomers will turn of retirement age every day for the next decade. But what about when employees retire? Many articles have been published about Boomers not having enough savings for when they retire.

Why Job Hopping Hurts Your Retirement

TalentCulture

Any step taken in haste may as well translate into a difficult post-retirement phase with very little savings to fall back on to meet your essential daily and old-age health and other expenses. Saving for retirement becomes difficult. It means moving in and out of retirement coverage.

Comparing Small Business Retirement Plans

Paychex

For small-business owners and fledgling entrepreneurs, offering a solid retirement plan is no luxury — it''s a necessity. This article gives an overview of retirement plans small-business employers may consider offering their workers

Companies Are Not Prepared for Aging Workers

HR Bartender

The challenge is reframing the retirement conversation. Years ago, retirement was like resigning. You went into the office one day and you said, “I’m retiring.” When you retired, you stopped working and started collecting your pension.

David Letterman’s Retirement Kicks Off the Great Boomer Exodus

TLNT: The Business of HR

When asked by The New York Times to describe his impending retirement, David Letterman called it “a good solid punch to the head.”.

The Importance of Helping Employees Visualize Mission When Implementing Change

Something Different

…I share the above story after reading a fantastic Aon Hewitt blog post titled “ Why Retirement Models are Perfect, While People are Not. of their income per year over 40 years to retire at 65. Benefits Change Management hr human resources pension retirement

Retirement: Appreciating Employees Until They’re Ready to Move on

BambooHR

As he neared retirement age—just months before he died of cancer but before he knew he was ill—that company decided he […]. The post Retirement: Appreciating Employees Until They’re Ready to Move on appeared first on BambooHR Blog. General HR HR productivity professional development 401K aging employees benefits human resources medical coverage pension retirement retirement plan My dad worked as an insurance agent for the same company his entire life.

5 Steps For Compensation Across Generations

ClearCompany HRM

From the very beginning stages of a career to the golden days nearing retirement, (most) people work for a living. People of all ages and from all generations spend their days working.

How To Build a Successful Mentoring Program

HR Bartender

The Boomer generation is planning to leave the workforce (or at least transition to part-time or semi-retirement). The Boomer generation is planning to leave the workforce (or at least transition to part-time or semi-retirement).

How To 476

Work Journals Help Employees Accomplish Their Goals

HR Bartender

Or looking to plan a retirement strategy? Journaling is the notion of keeping a written record of thoughts and experiences. For some of us, our first journaling experience might have been keeping a diary when we were younger. I know people who have kept journals during trips or sabbaticals.

Aligning #HR Technology With Your Talent Decisions

HR Bartender

Are there employees ready to retire and we need them to share their knowledge? (Editor’s Note: Today’s post is brought to you by our friends at SilkRoad , a leading global provider of cloud-based talent management solutions.

What Are #HR Analysts and Why Should You Pay Attention To Them

HR Bartender

What do you see as the top issue facing human resources in 2015? Trish] I see real workforce planning and management strategy as the top issue facing HR leaders in 2015. But the ticking time bomb is the retirement issue. 10,000 Boomers are retiring every day.

American employees struggle to save effectively for retirement

Ceridian

For a variety of reasons, it’s becoming more difficult for Americans to save effectively for their retirement. Human Capital Management employee benefits financial health retirementWe’ve seen a perfect storm of factors complicate the process – the workforce is skewing younger, the economy is bitterly competitive and people are so distracted by their hectic current lives that it’s difficult for them to prepare […].

Sick of Retirement? Work as an Intern!

HR Daily Advisor

Remember the 2015 movie, The Intern , starring Robert De Niro and Anne Hathaway? De Niro played a 70-year old widower who applied to be an intern after he got bored with retirement. Critchlow spent the last 30 years working at Merrill Lynch, and recently retired at the age of 69.

A Few Thoughts on Nonqualified Deferred Compensation Plans

Something Different

This is important because qualified plans don’t allow high earners to put away a large enough percentage of their income to prepare for retirement. Benefits 401k hr human resources NQDCP retirement

IRS Announces Pension Plan, 401(k), and Other Retirement-Related Limits for 2016

HR Daily Advisor

The Internal Revenue Service (IRS) has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. Here’s an overview of the highlights of limitations that changed from 2015 to 2016. Benefits 2015 2016

Retain Your Older Workers (It’s Good for Business)

UpstartHR

According to a recent CareerBuilder survey, more than half of workers over age 60 plan to continue working in some capacity after retiring from their current career. The Risk of Employee Retirement When I was working as an HR Director several years back, an employee called me and told me he planned to quit. said she would have retired years ago if the company had not let her work the winter months at a CVS in Naples, Fla.,

Putin to ‘Raise’ Retirement Ages

HR Daily Advisor

With his country having budget woes due to lower petroleum prices and sanctions over the Ukraine, Russian President Vladimir Putin has announced that he may be forced to “raise” retirement ages. The Russians had set men’s retirement age at 60 and women’s retirement age at 55!

Retirement Plans 101

HR Daily Advisor

When it comes to retirement planning, the options can sometimes seem overwhelming. Individuals may be able to participate in employer-sponsored plans, and they may also have their own separate retirement savings. Today and tomorrow, business consultant and HR Daily Advisor contributor Bridget Miller provides the basics on the various retirement benefit plans that employers may offer to employees. A defined benefit plan pays a set amount upon retirement.

Your 5-Day Plan to Learning Pinterest

HR Bartender

They have several boards such as “Making a Difference”, “Careers and Job Hunting”, and “Saving for Retirement”. I still remember a keynote presentation by Daniel Pink at SHRM’s Annual Conference. He told attendees that we should regularly read creative magazines/books to understand design.

Why Matching Millennials with Boomers Might Save Tomorrow's Workforce

Cornerstone On Demand

Retirement, once the end goal for workers, has a different meaning today. At the same time, once they retire, older workers often take their industry — or “tribal" — knowledge with them.

Retirement Annuity Accounts

HR Times

A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? Retirement Annuity Accounts. A complement to current retirement plans.

Ten Insights on Millennials in the Workplace from SHRM 2015

Paychex

The millennial generation—those aged 18-34 in 2015—now makes up the largest segment of the U.S. With baby boomers retiring, millennials (53.5 workforce. million strong) surpassed that once-dominant cohort (45 million) in this year’s first quarter.

The 2015 Employee Leave Survey Results Are In!

HR Daily Advisor

The results of our 2015 Employee Leave Survey are in and reveal that 99.4% A total of 1,431 individuals, with 79% at manager level or above, participated in this survey, which was conducted in August 2015. Terminal leave (half of sick leave balance just before retirement).

What Are We Retiring From?

Thrive Global

I’m noticing right now that a lot of my ministerial colleagues are retiring. The classic picture of retirement that gets pitched to people by insurance companies, housing developers etc. CT 16, 2015”. The Journey Continues.

Boomer Exodus—the Benefits of Partial and Trial Retirement

HR Daily Advisor

workforce continues to see an entire generation reaching retirement age, the issues surrounding transition into retirement become more and more prominent. Let’s take a look at some retirement transition options and what both the employer and employee can gain from them. Retirement Transition Options. For employers, assisting with retirement transition can mean many things. Employer Benefits to Offering Partial or Trial Retirement.