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Employees have historically been unprepared when it comes to retirement but providing a guaranteed source of income could help them combat their financial stress.
Employers have long recognized the need to help their employees prepare for retirement through workplace savings plans. Despite the economic challenges presented by the pandemic, 74% of employers say helping employees secure their retirement is still a top priority, according to the TIAA Retirement Insights survey.
Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.
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