It Pays to Save
“It Pays To Save,” ICMA-RC Saver’s Initiative, was created to broaden public employee retirement savings plan participation, improve communication with non-savers, and simplify the enrollment and retirement saving process.
The research project found a number of attitudes, trends, and behaviors that steer non-savers away from saving in their employer 457 plan. From that research, plan sponsor strategies and a comprehensive education curriculum were designed to better motivate non-savers to participate in their employer’s plan.
Please contact your local ICMA-RC representative to learn more about the "It Pays To Save" campaign and how you can get started today.
Tools to Promote Savings
This is just one of the It Pays to Save flyers created as part of the Saver's Initiative. The flyer incorporates one of the savings concepts shown to best motivate the non-saver. Double-click on the flyer to launch the full PDF. Your Retirement Plan Specialist's name, number, address and email can be added to the flyer for greater customization.
The email campaign allows the RPS to send a push html email to all participants in a plan. The polished and professional email illustrates the benefits of increased savings and provides participants with a printable form to increase their own personal contributions. The form is then submitted to the plan sponsor as part of the contribution process.
quick|enrollment targets the non-saver and is designed to facilitate initial enrollment by removing the often confusing process of selecting where to invest ongoing contributions. This form is currently available to 457 plans that offer all of the Milestone Funds and is included as part of the enrollment package.
ICMA-RC's 457 Deferred Compensation: Your Questions Answered video is intended to help public employees make educated decisions about saving for retirement.
