People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.
The White House Office of Management and Budget has concluded its review of the Department of Labor's new Retirement Security Rule, indicating that the controversial new rule will become final sometime this Spring.
The Police & Firemen's Retirement System of N.J. – the nation's largest police and fire pension plan – has finalized the transfer of assets from the N.J. Division of Investment, enabling the fund to manage investments independently.
Employers spend a lot of money and time offering robust benefits packages, but it's not enough to simply offer a retirement benefit — they must understand what will work best for employees, recommends GoBankingRates.
Employers emphasize an increase in health and dental insurance, while employees say increased pay and 401(k) matches are tops, and this could be part of the ongoing issue of high turnover, a new study suggests.
Only 31% of single women felt optimistic about their financial outlook, compared to 39% of married women, which is why 90% of financial advisors are targeting more women in the next 12 months, says Nationwide.
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"uri": "/2024/04/26/public-jobs-booming-in-some-cities-but-can-they-drive-overall-growth/",
"title": "Public jobs: booming in some cities, but can they drive overall growth?",
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"summary": "People of color are contributing to retirement accounts at lower rates and are more likely to take early withdrawals, which is why employers need to explore how best to reach these employees, says a new study.",
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"uri": "/2024/04/02/benefits-disconnect-employees-prioritize-pay-401k-while-employers-do-not/",
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