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Discover the Top 5 Advantages of Continuing to Work in Retirement for Activision Blizzard Employees

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In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from Activision Blizzard.

1. Mental Benefits

Working during your Activision Blizzard retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.

2.. Physical Benefits

Staying active during your Activision Blizzard retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.

3. Financial Benefits

Besides the obvious extra income, working during your Activision Blizzard retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.

4. Emotional Benefits

Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from Activision Blizzard.

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5. Social Benefits

One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.

Sources

1. AARP.org, February/March 2015

2. Forbes, 2017

3. Social Security Administration, 2017

4. Association for Psychological Science, 2017

What type of retirement savings plan does Activision Blizzard offer to its employees?

Activision Blizzard offers a 401(k) retirement savings plan to help employees save for their future.

Does Activision Blizzard match employee contributions to the 401(k) plan?

Yes, Activision Blizzard provides a matching contribution to the 401(k) plan, subject to certain limits.

What is the maximum contribution limit for the Activision Blizzard 401(k) plan?

The contribution limit for the Activision Blizzard 401(k) plan is aligned with the IRS limits, which may change annually.

Can employees of Activision Blizzard choose their investment options within the 401(k) plan?

Yes, employees at Activision Blizzard can select from a variety of investment options within the 401(k) plan.

When can employees of Activision Blizzard start contributing to the 401(k) plan?

Employees of Activision Blizzard can begin contributing to the 401(k) plan after completing their eligibility requirements.

Is there a vesting schedule for the matching contributions made by Activision Blizzard?

Yes, Activision Blizzard has a vesting schedule for matching contributions, which determines when employees fully own those funds.

How can Activision Blizzard employees access their 401(k) account information?

Employees can access their 401(k) account information through the designated online portal provided by Activision Blizzard's plan administrator.

What happens to my 401(k) plan if I leave Activision Blizzard?

If you leave Activision Blizzard, you have several options for your 401(k) plan, including rolling it over to another retirement account or leaving it with Activision Blizzard.

Can employees take loans against their 401(k) balance at Activision Blizzard?

Yes, Activision Blizzard allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.

Are there any penalties for withdrawing funds from the Activision Blizzard 401(k) plan before retirement age?

Yes, early withdrawals from the Activision Blizzard 401(k) plan may incur penalties and taxes unless specific conditions are met.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Activision Blizzard announced significant layoffs and a restructuring plan to streamline operations and cut costs. The company also indicated possible changes to employee benefits.

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For more information you can reach the plan administrator for Activision Blizzard at 3100 Ocean Park Boulevard Santa Monica, CA 90405; or by calling them at (310) 255-2000.