A sign of the times

Article Abstract:

This discussion of retiree benefits finds that currently, companies want to cut costs and not carry liabilities on their books, so they are looking for ways to reduce these liabilities. Efforts to reduce liabilities come as premiums for health care are soaring. Among the strategies being used by companies to juggle these issues are to eliminate or modify retiree benefits; use a defined contribution approach; cap subsidies; and turn to Medicare health maintenance organizations (HMOs).

Methods, Compensation and benefits, Corporations, Cost control

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The importance of financial communication for participation rates and contribution levels in 401(k) plans

Article Abstract:

Recent studies show that if employees are well informed about the financial implications of their contributions to retirement benefits plans like 401(k) plans their overall participation in such schemes increases. The positive effects of using sophisticated methods like web sites for dissemination of information related to retirement benefits on participation rates and contribution levels are also discussed.

Financial management, Management dynamics, Employee Loan & Savings Plans, Company investment, Investments, Salary reduction savings plans, 401K plans, Company business management, Workers

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Retirement education needs to make a lot more cents

Article Abstract:

Benefits managers can increase employee understanding of retirement plans by using simple but high-impact techniques. By translating percentages into actual dollars and retirement time into years, managers can show employees clearly how much they will need and for how long. Using a "retirement as purchase" approach puts the plan into concrete terms, eliminating confusion.

Human resource management, Employers, Employee benefits

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