CLOSING THE “RETIREMENT INCOME GAPS”
Personal savings are more important than ever. Especially when you consider the uncertainty of Social Security and modest PSERS benefits that leave participants with a retirement income gap compared to TRS. And the higher their pay, the bigger the gap.
Wouldn’t it be great if there was a practical, efficient way for PSERS participants to close their retirement income gap? Wouldn't your younger teachers love to be advised about the likelihood of receiving their Social Security benefit and how they can prepare for it? It can be done, but not with the practices and plans in place today.
We can help you navigate the hurdles standing in the way of a plan that really works for your system and participants. That includes conquering the employee confusion, high cost, district administration and compliance concerns that plague nearly every school system plan today.
In the end, you'll have a savvier retirement savings plan that gives your participants the best possible place to learn about and save for their retirement – a plan that's easy to understand, offers a simple way to invest and is ultra-low cost.
Up Next: Does our retirement savings plan really need fixing?