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ISCEBS Publishes Article on Ways Employers Can Help Workers Prepare for Retirement
On July 16, 2019, the International Society of Certified Employee Benefit Specialists (ISCEBS) published its article in the third quarter 2019 issue of Benefits Quarterly, “Retiree Reflections: Seven Ways Employers Can Do More to Help Workers Prepare for Retirement.” According to the article, many retirees are financially vulnerable and only 18% are confident that they can maintain a comfortable lifestyle throughout retirement. Importantly, one of the most effective ways employers can help workers save for retirement is by offering an employer-sponsored retirement plan.
The seven ways employers can help prepare employees for retirement, include:
- Offer a retirement savings plan;
- Encourage workers to actively engage in retirement planning;
- Refresh and promote the availability of retirement education and advice;
- Promote short- and long-term financial security by offering a variety of benefits;
- Educate preretirees about Social Security benefits;
- Be an aging-friendly employer; and
- Enable workers to work past age 65 with a flexible transition into retirement.