Employers need to take a fresh look at their retirement plans annually because there is still a significant problem with retirement readiness.
That was the consensus of panelists, including the AARP and a financial planner, during a recent Employee Benefit News and Employee Benefit Adviser webinar. While that significant national problem is slowly getting better, there remains a very severe problem, said David John, senior strategic policy adviser at the AARP Public Policy Institute. If you dont have a plan or are employee to an employer who does not have one, there will be a break in individual savings history, he explained. Since 1980, not much has been done to expand coverage of retirement plans.
