Reported 2 days ago
A recent study by PNC Bank reveals a significant gap between employers and employees regarding retirement readiness, with 78% of employers believing their staff are prepared, while only 45% of employees agree. This discrepancy indicates communication issues, financial pressures, and a lack of understanding of benefits among workers. With the shift from defined-benefit to defined-contribution plans, employees are burdened with saving for retirement without adequate support or guidance. It's crucial for employees to educate themselves on their retirement benefits and set clear savings goals to ensure a secure retirement.
Source: YAHOO