In an attempt to save money but still help employees plan for their futures, more organizations are moving to a holistic benefits education approach that addresses health care and retirement savings at the same time.

“We are hearing in the news and seeing across companies that many [companies] are freezing their pensions or terminating their pensions. Even those who are still offering pension plans are not offering them to new hires,” says Linda Robertson, a certified financial planner with Financial Finesse. “Only 7% of employers are offering traditional DB pension plans to new hires, which means a lot more responsibility is put on the shoulders of employees for health care and retirement planning.”

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access