Workers won’t have to choose between paying off their student loans and saving for retirement with a new benefit from CommonBond, a student loan repayment benefit provider.
The company launched a new product earlier this year that allows employees who aren’t saving for retirement to receive an employer contribution to their retirement fund — as long as they’re paying off student debt. The program, called Retirement Contribution, tracks and verifies employee student loan payments so they can qualify for employer contributions.
