Saving for retirement isn’t a top priority for many young professionals, but Great-West Lifeco Inc. thinks it can change that by addressing heavy student debt loads.
The life and health insurer is rolling out a new program to its client companies that will allow eligible employees to pay off their student debt while also getting some of the benefits of contributing to a workplace pension plan. As the loans are repaid, employers will provide matched contributions to pension plans managed by Great-West. This gets young people to save for retirement sooner and provides them with a perk they may perceive as more valuable at this stage of their life.
The goal is to court millennials who are entering the work force consumed with more immedia…
Read the full article at: https://www.theglobeandmail.com/report-on-business/great-westlife-to-offer-program-to-help-workers-with-student-debt-save-for-retirement/article36695916/
