(Photo: Shutterstock)
Financial security is often discussed in terms of the three-legged stool of savings. The first leg being personal savings, the second leg being company retirement funds, and the third leg coming from the government, i.e. Social Security.
Within the personal savings leg there is also the consideration of emergency savings and how employers can assist with that. With the passage of the emergency savings provision within the SECURE 2.0 Act of 2022, employers are starting to look at emergency savings within the workplace. A new report from Commonwealth and the Defined Contribution Institutional Investment Association's (DCIA) Retirement Research Center shows that these types of plans can really help low to moderate income earners.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
