Workforce Strain: Retirement savings shortfall becomes growing burden for employers
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I recently had the opportunity to contribute to an article in the Hartford Business Journal on something more employers are starting to feel firsthand:
Retirement readiness isn’t just a benefits topic—it’s a workforce issue.
When employees aren’t financially prepared for the future, it shows up at work: • Increased stress and absenteeism
• Delayed retirements
• Higher benefit costs as the workforce ages
• Fewer opportunities to advance younger talent
That’s why many employers are taking a closer look at retirement education and participant engagement.
In my work with employers, I’ve seen that pairing education with smart plan design, like auto-enrollment and auto-escalation, can significantly improve engagement and long-term outcomes.
Thank you to Hartford Business Journal for including me in this conversation.
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Michael Del Re III joins News 12’s Conversation Connecticut to discuss retirement readiness and how people can continue making meaningful progress, even when they feel they are starting late.
Workforce Strain: Retirement savings shortfall becomes growing burden for employers
Michael Del Re III shares insights with the Hartford Business Journal on why retirement readiness is more than an employee benefits issue. The article explores how financial preparedness can affect workforce costs, employee stress, retirement timing, and opportunities for younger talent.
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