Retirement readiness

Younger employees need coaxing and encouragement to save for the future.

Younger employees need coaxing and encouragement to save for the future.

Despite the recent market downturn, workers should remain invested in their employer-sponsored 401(k) plan.

The insurance giant will increase the minimum contribution to its defined benefit pension plan, auto-enroll and auto-escalate its 401(k) deductions and offer employer-sponsored legal services.

The company will increase the minimum contribution to its defined benefit pension plan, auto-enroll its 401(k) plan participants and offer employer-paid legal services.

To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.

Scheduling on-site training, attending webinars and preparing yearly checklists are among the best ways employers can fulfill their responsibilities, says benefits lawyer Carol Buckmann.

Plan sponsors are stepping up efforts to help employees save for retirement by adding in automatic features and offering higher matching contributions.

A study suggests seniors tend to be healthier and live longer if they continue working past the retirement age, rather than leaving the labor force for good.

To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.