Replace Comments from the Benefit Plan

Aug 6th, 2022
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How to Replace Comments from the Benefit Plan

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navigating your federal retirement is is a very perplexing thing especially if your dual feds are tandem federal employees but then also some important questions come up with survivor benefits god forbid but when one of you passes away how much is the survivor getting hi im michael shilantic with and federal retirement today im joined in the office with christian sakamoto one of our advisors and we want to chat today about survivor benefits about a comment we got from one of our youtube users right yeah so xp bernie xp his question was my wife and i are both federal employees i will retire before her so upon my death she will receive an annuity 50 of my unreduced pension will she continue receiving that survivor annuity when she retires boy thats a great question about survivor benefits right so often we start thinking about income together income and how much were going to get not enough of the time when were doing planning do we really think about god forbid when one of us passe

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Being honest builds trust, positions you as their ally, and gives you a chance to explain how you will help them navigate the new circumstances. Validate employees concerns. Share changes through multiple mediums. Plan early. Know your audience. Provide decision support.
You would also have to consider whether the employer had the right to make the changes; many contracts explicitly provide that benefit plans can be changed at the discretion of the employer. This requires a case by case analysis. Employers can make such changes if they provide sufficient notice or consideration.
Be straightforward and empathetic with employees. If possible, involve employees in cost-cutting decisions. Consider sending out a survey explaining that cuts are necessary and ask which benefits are most important, which theyd be willing to give up and how much more or less they would pay for certain items.
Effectively Communicate Your Employee Benefits in These 5 Ways Educate employees through onboarding. Consider adding information about your company benefits to your careers page or job descriptions. Empower managers. Create an ongoing conversation. Make it accessible. Build an integrative strategy.
Evaluating employee benefits packages: 7 tips to consider What is the cost share? What is covered? How extensive is the health care provider network? How much are deductibles, co-pays, co-insurance, and premiums? What benefits do you and your employees absolutely need? What is the reputation of the insurance company?
Be straightforward and empathetic with employees. If possible, involve employees in cost-cutting decisions. Consider sending out a survey explaining that cuts are necessary and ask which benefits are most important, which theyd be willing to give up and how much more or less they would pay for certain items.
6 Tips for Introducing a New Benefits Plan to Employees Consider immediate and ongoing communication. Organize an engaging, informative launch event. Communicate through multiple channels. Enlist some champions. Open up dialogue. Leverage external support.
How can we educate our employees about their benefits? Ensure your handbook is up to date. Go into detail during orientation. Hold meetings or go into detail annually before/during open enrollment. Communicate regularly throughout the year. Have a place where employees can ask questions anonymously. More Information:

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