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The economic unrest being caused by the ongoing COVID-19 pandemic should not stop employers from helping workers with their retirement planning, according to a new survey conducted by a multinational insurance and investment company.
The 2020 Aegon Retirement Readiness survey recommends that employers create retirement, investment and insurance options for their workers, including matching contributions to retirement plans and offering life and disability insurance.
"Today, individuals are expected to save and invest for an increasing proportion of their retirement income. However, many people find themselves ill-equipped to do so and will likely face further financial pressures in the wake of COVID-19," said Mike Mansfield, the program director for the Aegon Center for Longevity and Retirement, in a press release.
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David Thomas
I'm a reporter covering the business of law, with an emphasis on national and global law firms for The American Lawyer, Law.com and other ALM publications.
