Posts Tagged
Retirement
US retirement benefits show a twenty-point gap between access and participation
What the federal survey measured In September 2026, the US Bureau of Labor Statistics reported that 72% of private-industry workers had access to retirement benefits in March 2026, while 52% participated in a plan. Defined contribution plans were available to 70% and defined benefit plans to 14%. The figures describe the March survey reference period and were released on 25 September, they are not a projection of future take-up
The rejected Swiss pension reform belongs in the outcome record
In September 2024, Swiss voters rejected the occupational-pension reform in the referendum held on 22 September. The Federal Social Insurance Office records the package as a rejected reform. For employer benefits teams, the immediate significance is that its proposed changes should not be described as benefits rules enacted by that vote. Close the proposal with its outcome The package sought to strengthen second-pillar financing, broadly maintain pension levels and
Guernsey secondary pensions put enrolment into payroll governance
In June 2024, the US Social Security Administration documented Guernsey’s phased secondary pensions programme, citing local law and guidance. Employers with at least twenty six employees entered the first phase in July 2024, with smaller employers following under the published timetable. The programme supplements the State Pension and includes automatic enrolment for eligible workers, with opt out and re enrolment provisions. For multinational employers, the milestone illustrates how a
Nine Associations Launch European Retirement Week
A group of nine European associations in June 2021 announced the launch of European Retirement Week, which will take place during the week of 29 November 2021. The goal of this initiative is to provide a platform for a wide range of stakeholders to debate the future of pensions in Europe and to raise citizens’ awareness of the need to save for retirement. Achieving pension adequacy is indeed crucial
AIG Life Acquires UK Group Risk Carrier Ellipse from Munich Re
American International Group (AIG) and Munich Re in June 2018 announced that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Ellipse’s group protection products, which include life, critical illness and income protection, along with its technology-enabled business model with high levels of straight through processing (STP),
Healthcare costs top obstacle to retirement security – US
U.S. life insurance company Northwestern Mutual (NM) has released its 2017 Planning & Progress Study, which pinpoints healthcare costs as the biggest obstacle to attaining financial security in retirement for Americans. In fact, there has been a significant increase in the number of Americans citing healthcare costs as their chief concerns (from 45% in 2016 to 58% in 2017). Lack of savings (44%) and uncertainty over Social Security (31%)
Americans Discouraged by Retirement Outlook – Survey
The Nationwide Retirement Institute Consumer Social Security PR Study, released in August 2017 and conducted by Harris Poll, reveals a discouraging outlook for many Americans when it comes to retirement and Social Security benefits. According to the survey, only 21 percent of future retirees say life in retirement will be better, and 28 percent of recent retirees say life is worse in retirement. Retirees who say life is worse
2016 Should See More Financial Well-being Programs Added by U.S. Employers
250 U.S. employers, representing nearly 7 million workers, recently took part in the “2016 Hot Topics in Retirement and Financial Well-Being” survey conducted in late 2015 by Aon Hewitt that revealed plans by large employers to expand their current financial well-being programs for their employees in 2016. The survey indicated that 55 percent of employers currently offer some sort of help for workers in the areas of budgeting, money
