YMCA Millennials make up 40% of the Fund’s participants. Today, they are taking the security of their financial future seriously by paying more attention to their employers' benefit offerings.
A recent study from MetLife* indicated:
68% of the employees said that outliving their retirement savings is a top source of financial stress
The offering of traditional and supplemental benefits — and providing education on how they complement each other — can provide employees a solid foundation of protection
Millennial employees aren't just hoping for these kinds of benefits, they are expecting them
There is a significant shift in attitude when it comes to employers feeling the same way towards their employees' general financial well-being and ensuring they have enough money for retirement
Research shows that Millennials like this caring approach
Understanding how this generation thinks about their future is important to many aspects of a YMCA’s success. Y participants receive a secure monthly payment after a career of service, which provides the peace of mind needed to dedicate themselves to the Y movement.
Educate your employees on their available retirement benefits to help recruit and retain a talented workforce.
As your retirement partner, we offer many resources to you and your staff on the great retirement benefits provided. Click here to view our complimentary educational services.
*MetLife’s 17th Annual U.S. Employee Benefit Trends Study