Ohio Deferred Compensation's employer-focused newsletter "In the Know" provides recipients with the latest news and developments in retirement saving.

Your Monthly News & Updates
The latest news and developments from Ohio  Deferred Compensation for September 2018.
National Retirement Security Week 2018

Each year, the National Association of Government Defined Contribution Administrators (NAGDCA), with support from a resolution by the U.S. Senate, promotes National Retirement Security Week (NRSW). Ohio Deferred Compensation and NAGDCA's goal during NRSW (October 21-27) is to promote the idea of saving money for retirement. To illustrate the basics, NAGDCA put together a quick video  here . Send your staff to this link to see some of the materials NAGDCA created for them
 The Costs of Delayed Retirement
As employees approach retirement, they are often the most expensive members of an organization, based on both salary and benefits. Just one employee who isn't able to retire may cost an organization $8,500 per year. Click here to learn more about the benefits provided by Ohio Deferred Compensation that can help your employees avoid delaying retirement. 
 
Deferred Compensation Terms

Tax Deferral Pre-tax money invested now to grow tax-free until money is withdrawn, at which point taxes will be assessed. Used to help people save for retirement in both the public and private sector.  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  Actively Plan Your Financial Future .

Download articles on healthcare in retirement, what is deferred compensation, fees, and more.  Learn more.

If you received this email you are on the list for future employer communications. If this was forwarded to you, you can join our list by  contacting us.

Keith Overly, Executive Director
Message from the Executive Director: Keith Overly

Help Employees Get Prepared for Retirement

Conservatively speaking, 65% of Americans save only a little or nothing for retirement (Bankrate's Financial Security Index Feb. 28-March 4, 2018)  and 46% of Americans don't believe they will be financially comfortable when they retire (GALLUP, 2016-2018). Another 40% of workers say their employers do not provide any type of retirement or financial education (Dave Ramsey Retirement Education Study August 2016) but employees would like more education and advice from their employers on how to reach their retirement goals.

Ohio DC can help if your employees have retirement savings questions or concerns. If you would like to find out more about the tools and resources available to help you and your staff save for retirement, call our Service Center at 877-644-6457, visit our website at  Ohio457.org  or feel free to email our staff at  Ohio457@nationwide.com  with any specific questions.
 

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