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- Title
Helping Employees Take Charge of Their Futures.
- Authors
Kress, Nenette
- Abstract
The author of this article has witnessed a growing emphasis on open communications at a number of employee benefits-related conferences. It is here that employers and plan sponsors face one of the greatest challenges: that of communicating complex programs to employee audiences who are unfamiliar with even the most basic financial concepts and unaware of their responsibility for their own financial security. The topic addressed in this article is the need to help employees to take charge of their financial futures. This article briefly explores the history of defined contribution plans, the issues facing employers and provides background on employee population, as of 1996. It looks at the changing role of employers and plan sponsors, provides some approaches to the communications process and discusses some cases where these approaches have proven successful.
- Subjects
DEFINED contribution pension plans; EMPLOYEE benefits; PENSIONS; PERSONAL finance; FINANCIAL planning; LUMP sum distributions (Pensions)
- Publication
Benefits Quarterly, 1994, Vol 10, Issue 2, p28
- ISSN
8756-1263
- Publication type
Article