Data & Research June 14, 2010

Non-Health Factors Could Drive Early Retirement

Poor health is the top reason why workers decide to take early retirement, but factors such as high work pressure and low job satisfaction also play a role.
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That was the conclusion of a new study in the June Journal of Occupational and Environmental Medicine, the official publication of the American College of Occupational and Environmental Medicine (ACOEM).

The study found that added support and changes in leadership style might help to delay retirement of highly skilled older workers. Especially in industries with highly qualified technical jobs, companies need information on what factors may push valued older employees toward early retirement, as well as factors that can pull them toward staying on the job, researchers asserted.

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The new study identifies health- and work-related factors leading to early retirement, along with factors that could help to keep valued older workers on the job. Sometimes that is as simple as a “pat on the back” to express appreciation, the study said.

“Postponing early retirement could be facilitated by reducing workload, increasing social support from colleagues, appreciative and supportive leadership, and health promotion,” the researchers write.

More information about obtaining the study is here.

Products June 14, 2010

OppenheimerFunds Launches New Tools for Advisers and Sponsors

OppenheimerFunds Retirement Services announced new tools to help plan sponsors and financial advisers "navigate the changing regulatory landscape."
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The tools include a guide to help participants understand plan fees and expenses, a tool to educate advisers and sponsors about regulatory and legislative updates, and a new plan review online demo. 

OppenheimerFunds Retirement Services recently introduced a new guide, “Plan Fees and Due Diligence – Considerations to Help You Manage Your Fiduciary Duties,” that discusses lessons learned from recent fee litigation and the long-term impact of excessive fees, according to a press release.  The brochure includes a worksheet to help plan sponsors evaluate plan fees and expenses.  

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To help advisers and sponsors become better educated on recent regulatory and legislative changes, OppenheimerFunds Retirement Services recently launched a new program called “Form 5500 Schedule C Rules: What You Should Know as Plan Sponsor.” The program discusses the changes to the Form 5500 Schedule C and how they impact plan sponsors.  

The company also provides a quarterly plan review that contains plan demographic data, comparisons to industry benchmarks, and information on plan investments. It has created an automated online demo to educate sponsors on how to effectively review their plans while focusing on the areas that provide the most value.

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