More than half of all U.S. workers (53 percent) over the age of 60 say they are postponing retirement, according to a recent CareerBuilder survey. Two in five workers (40 percent) don’t think they’ll be able to retire until 70 years of age or older. Financial uncertainty usually tops the list of reasons why workers […]
Draft regulations for the new state-run retirement savings program, Secure Choice, leave out critical instructions to help employers understand their obligations, the California Chamber of Commerce explained during a recent workshop in Sacramento. The regulatory process is intended to create accountability for the agency and transparency to the public. The absence of those instructions will […]
The Internal Revenue Service (IRS) announced cost of living adjustments affecting 401(k) pension plans and other retirement-related items for tax year 2018 — including an increase in the amount employees can contribute to their 401(k) plans. Some pension plan limitations, including those governing 401(k) plans, changed this year because the increase in the cost-of-living index met […]
Thirty percent of U.S. workers ages 60 and older don’t plan to retire until age 70 or older, according to a recent CareerBuilder survey. Another 20 percent don’t know if they will ever be able to retire. Financial reasons typically are the top reason workers are postponing retirement, as older workers try to ensure a […]
Numerous questions remain about how the new state-run retirement savings program will be implemented, but it is critical that everyone be educated about their roles to make the program successful, said California Chamber of Commerce Policy Advocate Marti Fisher yesterday during a panel discussion in Sacramento. The discussion about what the California Secure Choice Retirement Savings Investment Program means for employers was part of an expert […]
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