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What HR needs to do to help employees boost retirement savings

HRExecutive

Barriers to retirement savings This reality naturally has significant implications on retirement security for Americans, but it is insufficient to explain the whole picture. There are additional drivers of retirement insecurity , including: Co-author Riya Patil - Advertisement - Insufficient access: Significant swaths of the U.S.

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Canada Post Strike Announced: What’s Going to Happen to the Mail?

HR Digest

Around 55,000 workers announced a nationwide postal strike in Canada, their first in 2024, and the first since 2018. Canada Post’s labor negotiations centered around “fair wages, safe working conditions, the right to retire with dignity, and the expansion of services at the public post office.”

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Walgreens will match 401(k) contributions to student loan payments in 2025

HR Brew

The pharmacy chain is the latest organization to take advantage of a new federal provision that allows employers to contribute to workers’ retirement accounts based on payments they make toward their student debt. of their income to retirement over a three-year period, on average, compared with a 5.7%

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A recent IRS ruling could pave way for organizations to make their 401(k) programs more flexible

HR Brew

Global advisory, broking, and solutions firm WTW is pitching a new benefit that would allow employees to direct money from their employers toward a wider array of financial perks beyond retirement, including student loan repayments and health savings accounts. Prioritizing flexibility. A provision of the Secure 2.0

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Charting Your Course Through Changing Regulations

Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group

More recently, the tides have turned in other directions – forcing employers to direct their attention at mandated state-run retirement plans; employee leave and paid time off; sexual harassment training; pay equity; and more! October 10, 2018 11 AM PST, 2 PM EST, 7 PM BST

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EEOC Probe into Mandatory Retirement Age Results in $6.8 Million Settlement

HR Digest

An EEOC probe into a mandatory retirement age policy at a San Diego-based physicians group has resulted in a massive settlement without the group admitting to any liability in the matter. However, after an EEOC review in 2018 found the policy to be a violation of federal rule, it was rescinded and has not been in use in the five years since.

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Protirement: Is the UK Government about to redefine ‘retirement’? 

LACE Partners

In one of our latest pieces, Tim Ringo from our team takes a look at a recent article in The Times that focused on a government campaign to bring over-50’s out of retirement, assessing the impact for businesses. Over-50’s encouraged to end early retirement. 76% of baby boomers  plan to keep working and earning in retirement .

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5 Culture Trends for 2019

As we approach 2019, major shifts in the work environment will continue to affect the ways companies do business. Companies that are looking to attract, engage, and retain top talent should leverage these trends to create workplaces where employees thrive.