Is 70 Becoming the New Retirement Age?

HR Daily Advisor

Is 70 becoming the new retirement age? workers ages 60 and older plan to retire at age 70 or older. Another 20% don’t believe they will ever be able to retire. ” Asked how much money they think they’ll need to save in order to retire, 42% of U.S.

Offering Retirement Plans May Soon Become Mandatory For Employers

TriNet

If you don’t currently offer your employees a retirement plan, you may want to pay attention. Legal News & Compliance mandatory retirement benefitsAt both the state and federal level, the government is continuing to push legislation to make mandatory. Visit site for full story.

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Millennials Support Automatic Retirement Plans, Seek Sponsor Help

HR Daily Advisor

The youngest employees and defined contribution (DC) plan participants often want more automated features to their plans, and most assign their plan sponsors some responsibility for helping them choose the right investments to fund their retirement while it’s still decades away.

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.

401k Retirement Infographic

Something Different

Check out this great retirement infographic from Personal Capital outlining a myriad of facts about 401k plans. From the amount of money most people are saving, to the amount most people need, this infographic has it all.

70 Is the New 65: Is the Retirement Age Increasing?

HRWatchdog

Are older employees financially prepared for retirement? workers ages 60 and older don’t plan to retire until age 70 or older, according to a recent CareerBuilder survey. Another 20 percent don’t know if they will ever be able to retire.

The SHRM CEO is Retiring

Laurie Ruettimann

The CEO of SHRM is retiring. SHRM has had major PR gaffes under the retiring CEO, and some of those blunders continue to confuse its membership to this day. The post The SHRM CEO is Retiring appeared first on Laurie Ruettimann. What’s SHRM? It’s the AARP of HR professionals. They are an association who do commercials on CNN and tell everybody about how great it is to work in HR.

Preparing for the Retirement Boom

TalentCulture

The baby boomer generation is beginning to hit retirement age, and companies must prepare for what could be a major exodus. The US Bureau of Labor Statistics reports that as many as one out of ten workers will retire either this year or the next. The “silver tsunami” is coming.

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.

How E&U firms can prepare for the coming wave of retirements

IBM Talent Acquisition

As much as 38% of the E&U workforce will be eligible for retirement in the next five years. Among the executive ranks the numbers are even higher — almost 60% will be retirement eligible within five years.

Chris Sacca Retires, Failed HR Lady Mourns

Laurie Ruettimann

It’s heartbreaking to me when one of those guys retires from startup investing. And, on a related note, these retirement announcements from investors always make me laugh. The post Chris Sacca Retires, Failed HR Lady Mourns appeared first on Laurie Ruettimann.

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.

Retirement Planning: The Gender Gap Persists

HRE's The Leader Board

A quick search of our website, using the terms “women” and “retirement,” brings back an article from August 2008 that describes retirement planning as “a nightmare for many women.”. In examining the retirement saving and investing behaviors of roughly 3.5

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Is Your Retirement Plan Ready for a DOL Investigation?

HR Daily Advisor

Department of Labor (DOL) investigation of an employer-sponsored retirement plan may originate in a variety of ways. It’s not uncommon for the regulatory agencies that oversee retirement plans to disclose new initiatives aimed at ensuring that employees’ benefits are protected. A U.S.

The Pros and Cons of Various Retirement Plans and Why Now is the Time to Consider Offering One to Your Employees

TriNet

Do you offer your employees a retirement plan? A major Gallup poll shows that retirement saving is Americans’ top financial concern. Employee Benefits Retirement benefitsIf not, now is the time to consider it.

Forced retirement is an age discrimination no-no

Ohio Employer's Law

While not necessarily on point, this case does segue into an important issue—mandatory retirement. It’s still a fairly popular misconception that businesses can force employees to retire at a certain age. Image credit: slate.com.

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

it’s time to retire these workplace phrases

O.C. Tanner

Consult this list to see whether you’ve been using these workplace phrases it’s time to retire. There’s a time and a place for business jargon—and with the rise of social media and the 21 st century workplace, we’ve accumulated a wealth of new words to communicate our modern work lives.

Are Your Employees’ Student Loans Hurting Their Ability to Save for Retirement?

HR Daily Advisor

While student loans can be a drain on short-term finances, a new survey from Aon Hewitt , the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.

What Employers Need to Know About the US DOL Final Rule & State Retirement Programs

Ceridian

Let’s be honest: regardless of age, we all sometimes dream about retirement. Unfortunately, for a lot of Americans who aren’t eligible for retirement savings plans through their employer, those dreams are difficult to make a reality. By Julie Palmer, Technical Writing Manager, Ceridian.

Future Friday: The vision of retirement is already changing

OmegaHR Solutions

Older workers eschewing retirement because they want to stay working. The vision of retirement is undergoing a major change. Many people envision that retirement is sitting at the local Starbucks chatting with friends or sitting on the front porch rocking away enjoying “the good life.”

8 States Establishing State-Funded Retirement Plans

Paychex

states that are in the process of implementing state-sponsored retirement plans. There are eight U.S. Is your state one of them? Find out now and learn what the details for these plans are

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

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.

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.

How Not to Throw a Super Lame Retirement Party

RecogNation

When you receive a retirement party invitation in your inter-office mailbox, what are the first thoughts that run through your head? Whether an employee has dedicated 20 years to your organization or just the final 5 of their career, retirement is something to celebrate !

Retirement Savings Gone to the … Worms?

HR Daily Advisor

Retirement is something most people look forward to! Most people start saving for retirement in their twenties either by investing in a 401(k) or in a Roth IRA. But one paranoid man decided not to trust John Hancock or the banks, so he buried his retirement savings in the ground.

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

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.

Employee Well-being Needs to Include Retirement Plans

HR Bartender

He’s responsible for leading the retirement, investment counseling, and risk management teams in the U.S. I know one of your areas of expertise is in the area of retirement planning. How do you see the retirement conversation having an impact on strategic HR?

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. Navigating Nurse Retirement with the New Workforce Planning.

The Case For Switching Retirement Providers

Paychex

Switching retirement providers to better meet the needs of your small business and its employees may be a daunting, but ultimately beneficial, experience.

Retirement: Expectations vs. Reality

HRE's The Leader Board

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.

Human Resources Retirement Policy: 3 New Program Ideas

CareerMinds

A recent story published in the Grand Forks Herald describes how the University of North Dakota is handling retirements at their institution. There are several ways an organization can create a positive impact by making a change to their current human resources retirement policy.