In the wake of the Setting Every Community Up for Retirement Enhancement Act (SECURE) of 2019, there is currently broad bipartisan support in Congress for additional pension legislation providing incentives to increase employee retirement savings. . The House and Senate have drafted essentially similar bills that are being drafted inRead More →

A bill allowing workers to make student loan repayments while their employers make matching contributions to their defined contribution accounts was reintroduced in the Senate on Thursday. Under the Pension Parity Act for Student Loans, employers are allowed to make matching contributions to workers’ 401(k), 403(b), and SIMPLE and governmentRead More →

(Photo: Shutterstock) The COVID-19 pandemic has had a noticeable impact on higher education institutions and their employees, and as a result, pension policymakers are looking to bolster their financial wellness plans to help employees feel more in control of their finances. Additionally, as plan sponsors seek to reduce complexity andRead More →

(Photo: Shutterstock) More than three-quarters — 77% — of Americans believe all workers should have access to a retirement plan, study finds National Institute on Retirement Security. Two-thirds believe pensions promise a more secure retirement than the ubiquitous 401(k) plan. Americans’ support for retirement is not surprising given the currentRead More →

As many people struggle to overcome the financial setbacks caused by the COVID-19 pandemic, more employers are focusing their efforts on helping employees improve their financial well-being and save for the future. . An October 2020 study from the Employee Benefit Research Institute reveals that more and more employers areRead More →