Retirement

Employers need to create an environment that can foster employee loyalty, reduce turnover, enhance overall productivity and help employees be able to reallocate funds to retirement savings, according to a Voya survey.

Retirement plans were a hot button issue for union workers, who wanted Boeing to bring back their lost pension plans, however, Boeing said they were "prohibitively expensive."

Many millennials turn to fragmented financial information online, leading to gaps in critical areas like budgeting, investing, and planning for future goals, according to NOYACK's Millennial Wealth survey.

CVS Health's Aetna unit and Elevance Health last week turned their backs on part of the Medicare plan market.

While companies like Boeing and 3M are phasing out their pension plans, more and more employees see the pension as a way to restore the American Dream of retirement, according to the National Institute on Retirement Security.

For 13 years, she has been attempting to claim her husband's $53,000 pension plan, which he amassed from working 10 years for the investment firm.