There is no clear strategy for older workers’ retirement and phasing out of the workforce. That could cost employers in both the short and long term.
While experts agree that a recent IRS ruling opens the door for employers to help employees pay off debt and save for retirement, there are a few glitches.
A few potent factors contribute to the investment option’s popularity with younger workers.
Don’t expect companies to foot more of the direct costs of retirement just for altruistic reasons.
For about 20 years, employers could erode the quality of their retirement benefits without paying much of a price. Those days are over. And wise employers are seeing greater retirement security for workers as a goal that helps both employees and the organization.