Canada Life’s Post

As a State of Texas agency employee, you will have access to valuable benefits including a defined retirement plan. These benefits are as good as or better than those offered by most private-sector employers. Employees who started on or after September 1, 2022, are automatically enrolled in the state's Group 4 benefits. The video below explains these benefits. Watch to learn more!

In a recent Private Letter Ruling (PLR) from the IRS, an interesting optional approach to allow an employee to direct their employer contributions to a qualified retirement plan such as a 401(k) profit-sharing plan. This development opens the door to some possibilities for employers looking to expand their benefit offerings without increasing costs. @SHRM @401k #RetirementPlans

Employers can take a variety of steps to better align their benefits with employees’ needs and interests, as well as improve their #financialwellness —including retirement benefits. Learn more: https://lnkd.in/ehGqHk63

Here is a closer look at two common nonqualified benefit plans: the 401(k) Mirror Plan and the Supplemental Executive Retirement Plan (SERP). These plans have several commonalities with one crucial difference. Do you know what sets these plans apart? Explore their similarities, understand their differences, and learn why highly compensated employees want nonqualified benefit plans included in their overall benefits and compensation package. https://lnkd.in/e2aHWYaH #executivebenefits #retirementplan #retentionstrategy

📊 Public Pension Insights 2024 is here! 📊 CBIZ Compensation Consulting is thrilled to partner with the National Conference on Public Employee Retirement Systems on this year’s comprehensive survey, spotlighting key compensation trends in public pension funds. ➡️ https://okt.to/R38rnl #CompensationStrategy #Compensation #PensionFunds

📊 Public Pension Insights 2024 is here! 📊 CBIZ Compensation Consulting is thrilled to partner with the National Conference on Public Employee Retirement Systems on this year’s comprehensive survey, spotlighting key compensation trends in public pension funds. ➡️ https://okt.to/n8VOe3 #CompensationStrategy #Compensation #PensionFunds

📊 Public Pension Insights 2024 is here! 📊 CBIZ Compensation Consulting is thrilled to partner with the National Conference on Public Employee Retirement Systems on this year’s comprehensive survey, spotlighting key compensation trends in public pension funds. ➡️ https://okt.to/iWcQbO #CompensationStrategy #Compensation #PensionFunds

Are your employees satisfied with their retirement benefits? A recent survey shows 79% of workers express satisfaction with employer offerings, but economic uncertainties lead 61% to believe better options exist elsewhere. Plan sponsors can align their benefits with employee expectations by addressing concerns about immediate cash needs and enhancing savings rates through popular provisions in #SECURE2. Check out the article to learn more. #FinancialWellness

📊 Public Pension Insights 2024 is here! 📊 CBIZ Compensation Consulting is thrilled to partner with the National Conference on Public Employee Retirement Systems on this year’s comprehensive survey, spotlighting key compensation trends in public pension funds. ➡️ https://okt.to/hoYiVJ #CompensationStrategy #Compensation #PensionFunds

📊 Public Pension Insights 2024 is here! 📊 CBIZ Compensation Consulting is thrilled to partner with the National Conference on Public Employee Retirement Systems on this year’s comprehensive survey, spotlighting key compensation trends in public pension funds. ➡️ https://okt.to/3zlxOJ #CompensationStrategy #Compensation #PensionFunds