Aiding Employees With Retirement Planning Boosts Retention

Get Hppy

Retirement doesn’t feel like a realistic goal for many employees today. workers, 79 percent expect they will need to supplement retirement income by working. Helping employees plan for their retirement relieves a major burden and will keep them around in the long-term.

More Workers Are Postponing Retirement

HRWatchdog

More workers are planning to retire later. workers (53 percent) over the age of 60 say they are postponing retirement, according to a recent CareerBuilder survey. Two in five workers (40 percent) don’t think they’ll be able to retire until 70 years of age or older.

Future Friday: Retirement is considered in danger

OmegaHR Solutions

Megatrends are endangering retirement possibilities around the world. These include: Employer-sponsored retirement benefits are vital in helping people financially prepare for retirement. say their employer offers them a retirement plan that includes an employer contribution.

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.

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.

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

3 ways companies can deal with 2017's mass retirement

The Predictive Index

Employee Engagement & Retention employee engagement employee retention retirement plan retirement retiring employeesBy Elsbeth McSorley.

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.

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.

Setting Their Sights on Retirement

HRExecutive

If you think millennials aren’t concerned about retirement, think again. On Tuesday, Willis Towers Watson released a survey that found six in 10 millennials are willing to sacrifice pay for more secure retirement benefits. financial wellness retirement

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.”

What Great Leaders Do Before Retiring

Get Hppy

At the moment, there are about 10,000 baby boomers retiring every day, meaning you are not alone in thinking it’s time to move on. The following are some things you should think about before retiring. The post What Great Leaders Do Before Retiring appeared first on Hppy.

Sick of Retirement? Work as an Intern!

HR Daily Advisor

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. The post Sick of Retirement?

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.

A Different Perspective On Income in Retirement

HR Daily Advisor

If you follow the latest retirement news, it seems the sky is falling. Here are a few of the statistics that cause concern: The National Institute on Retirement Security (NIRS) reports that nearly 40 million, or 45%, of U.S. households haven’t saved a penny toward retirement.

Smaller Businesses Need An Employee Retirement Program Too

TLNT: The Business of HR

Navigating the vast array of retirement plan options can be challenging for small and mid-sized businesses. Government Accountability Office found that only about 14% of small businesses (fewer than 100 employees) offer retirement plans to employees.

What Is Phased Retirement?

Careerminds

When it comes time for your senior staff members to start seriously considering retirement, HR needs to take a look at what options make the switch as easy as possible for both the staff member and the organization. One of the newest methods is phased retirement, but what is phased retirement and how can it help these areas? The post What Is Phased Retirement?

Retirement Savings Plague Workers Who Are Fearful They’ll be Working Past 70

HR Daily Advisor

However, a new CareerBuilder survey highlights employees’ concerns over whether or not they have enough saved for retirement, hindering plans to retire at the typical age of 65. workers are still pumping the brakes on their retirement plans.

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.

IRS May Expand Determination Letters for Some Retirement Plans

HR Daily Advisor

The Internal Revenue Service (IRS) said on April 5 that it may reopen its determination letter program to certain types of individually designed retirement plans, beyond the narrow set of circumstances in which such letters are currently available. Benefits 2017 guidance IRS retirement

Gender Plays Vital Role in How Workers Are Saving for Retirement, Finds Willis Towers Watson

HR Daily Advisor

However, a new survey shows that gender plays an important part in how workers are saving for retirement and securing their financial freedom. Varying financial needs make it difficult for many men and women to build a retirement nest egg. Benefits employees retirement women workers

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?

Are Your Older Employees Thinking Differently About Retirement?

HR Daily Advisor

Employers invest a tremendous amount of time and cost in employee benefit offerings which are designed to help their employees save and financially prepare for retirement. Ironically, few employers are focused on the actual process of retirement and its workforce-related implications.

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.

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.

State-Run Retirement Draft Regulations Exclude Critical Instructions for Employers

HRWatchdog

Lots of questions and concerns on state-run retirement draft regulations. The program is a state-run retirement savings plan for private employees that includes automatic enrollment with an opt-out provision for an estimated 6.3 Benefits retirement

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

HRExecutive

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

New Federal Budget Relaxes Hardship Withdrawals for Retirement Plan Participants

HR Daily Advisor

The Bipartisan Budget Act of 2018 passed by Congress on February 8 and signed the next day by President Trump didn’t change retirement savings taxation or contribution limits, but it did bring good news for some plan activities. The retirement plan must permit such recontribution, and if it is amended to do so, the amounts will be treated as an eligible rollover contribution. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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.

Company’s mandatory retirement policy cost it $47K

HR Morning

Professional Endodontics, an oral surgery practice in Michigan, had a policy requiring all employees to retire at age 65. Karen Ruerat worked for Professional Endodontics for 37 years, and had no plans to retire at 65. Hyman says that many employers don’t realize that a mandatory retirement age is illegal. And if an employee takes a company to court over a forced retirement, the employee is practically guaranteed the win.

Is Disability Retirement ‘Honorable’ if Retiring Police Officer is Facing Termination?

HR Daily Advisor

After the internal investigation was completed and the notice of intent to impose discipline was sent, the officer’s lawyer tried to extend the deadline to respond to the notice so that the officer could complete an industrial disability retirement application for a recent back injury.

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.

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.

Retirement Benefits: Better at Attracting Employees than Health Care?

HR Daily Advisor

A recent survey conducted online by Harris Poll on behalf of Nationwide found that 29% of SMBs with less than 300 employees who offer 401(k) retirement plans and plan to increase contributions say that they are doing so because the ACA has made health benefits less attractive to employees.

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.