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.

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.

Trending Sources

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.

Are Your Retirement Benefits Keeping up With Millennial Demand?

TriNet

Visit site for full story. Employee Benefits

Retirement Success Starts with Financial Well-Being

HR Daily Advisor

Michael Jordan wasn’t talking here about retirement, and in fact, we don’t know that he ever has. In today’s world, each individual must take charge of his or her own retirement. Are you doing all you can to help your team members win the retirement game?

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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.

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.

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.

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.

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.

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

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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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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.

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.

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.

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.

3 Reasons Small Businesses Should Consider Offering a Retirement Plan

Paychex

If you’ve considered or hesitated to offer a retirement plan, consider this: it may serve as a cost-efficient, competitive advantage that you need to help your employees save for the future.

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.”

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.

Managing Retirement Plans for Overseas Employees Becomes Global Concern

HR Daily Advisor

It follows that employers who sponsor retirement savings plans for their eligible U.S. employees’ retirement savings. Like Social Security in the United States, some countries have a government pension system that will provide retirement income to residents in retirement.

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.

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.

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.

The Tax Savings of Offering a Retirement Plan

Paychex

There’s potential for significant tax savings when you offer a qualified retirement plan – on top of other benefits such as the ability to help you attract and retain good employees.

Missed Opportunities: 4 Ways Employers Can Promote Retirement Security

HR Daily Advisor

TCRS interviewed more than 1,800 for-profit employers with five or more employees to understand their views on their employees’ future retirement. The survey findings reveal four opportunities in which employers can help improve retirement security among workers: 1.

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.

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.

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

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 !

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.

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

Getting Gen X Employees on Board with Retirement Planning

Paychex

While baby boomers may be enjoying or gearing up for their retirement years, some employees in the Generation X (Gen X) demographic may not be adequately preparing.

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.