Our Retirement Planning Specialists are back on the road again, making visits to areas throughout Ohio. Their travels take them throughout Ohio to meet with Ohio DC participants. During their visits the review participant's retirement accounts and help inform them about what they can do to take control of their financial future. Review the schedule here. You can print it, save a pdf to send in an email or send a link to your staff.
New Features of Ohio Business Gateway
The Ohio Business Gateway is undergoing a modernization, and the updated system will feature new online help and case management functionality that will make finding and requesting assistance on the Gateway faster and more intuitive. Click herefor a sneak peek at this feature of the modernized Gateway.
Deferred Compensation Terms
Payout - Payment from a 457(b), 403(b) or 401(k) plan or a defined benefit pension plan - also called a distribution. Examples include disbursements, rollovers to another plan and separation from service payments. Visit our participant website to learn other definitions.
Share Deferred Compensation-related Articles with Your Employees
Ohio DC can provide monthly articles on retirement issues for your newsletter or Intranet. This month's article on the employer website is
What the SMarT Plan Can Do For You.
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.
Message from the Executive Director: Keith Overly
Encourage Your Employees to Invest Now
A pension isn't meant to make up for an employee's entire salary when they enter retirement. This is a fact that a lot of people don't consider when planning for their lives after they stop working. At Ohio DC, we provide a wide range of informational materials, websites, tools and calculators, social media, etc. to get the word out about how much people will need to make up for after their pensions. Pensions usually cover about 66% of a retiree's working salary and the rest they need to provide themselves. If your goal is to replace 80% of your working salary, you need to account for an additional 14%. Based on our own research and that of other organizations, we know that the sooner employees start saving for retirement, the better off they'll be.
We also see that many people don't start thinking about their retirement savings until they're out of their 20's, sometimes even 30's. We're here to help them catch up. Take a look at our website at Ohio457.org or feel free to contact our staff at [email protected] to find out how we can help.
