As an employer, the fact that many Americans are remaining in the workforce longer may be of particular interest. Since the mid-90's, both men and women have continued to work past normal retirement age. There are multiple factors that lead to this situation. Read this article to learn more: Americans Working Longer for Many Reasons.
Retirement Planning Specialist Schedule
The most recent schedule for Retirement Planning Specialist visits to cities throughout Ohio is now available. Take a look at the schedule here to determine when they will be in your area. You can print off a copy for your office or save a PDF for internal staff newsletters or emails.
Updated Ohio Business Gateway Go Live Near
As we've relayed to you the last few months, the Ohio Business Gateway is going through a modernization process. When the modernized Ohio Business Gateway is implemented, there will be a short period when deferred payments cannot be entered. After go-live of the modernized Gateway, regular deferred payment rules will be reinstated. As of this newsletter date, the Ohio Business Gateway has not announced an implementation date.
Deferred Compensation Terms
Bonds - Loans or debt instruments issued by governments or corporations to raise money. These instruments are issued for a stated period, during which interest payments are made to the bondholder. Bonds may be bought or sold, and may gain or lose value, as investment property. Visit our participant website to learn other definitions.
Share Deferred Compensation-related Articles with Your Employees
Ohio DC can provide monthly information on retirement issues for your newsletter or Intranet. This month, instead of a single article we have the
Early Savers Newsletter.
Download articles on healthcare in retirement, what is deferred compensation, fees, and more.
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Message from the Executive Director: Keith Overly
The Benefits of Ohio DC for Employees
Hopefully you already know about the resources and services that Ohio DC can provide to you and your employees in helping to save for a more comfortable retirement, but have you thought about the fact that Ohio DC is an effective tool for retaining employees? Ohio DC gives your employees the ability to invest money in a pre-tax way that reduces their taxable income, while at the same time, taking advantage of our considerable assets to drive down costs and reduce fees, saving our participants tens of thousands of dollars over the course of a career. Not everyone has access to secondary savings plan with these benefits and our staff is here to help your employees take full advantage of what we have to offer.
To learn more about how we can help your staff save for retirement, visit our website at Ohio457.org or feel free to contact our staff at Ohio457@nationwide.com with any specific questions.