New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Discover the Top 5 Advantages of Continuing to Work in Retirement for Altice USA Employees

Healthcare Provider Update: Altice USA offers comprehensive healthcare benefits including medical (with pharmacy), dental, and vision coverage, along with supplemental options like critical illness and hospital indemnity insurance 1. With ACA premiums expected to rise sharply in 2026, employeesespecially those nearing retirement or using marketplace plansare encouraged to compare employer-sponsored options and coordinate early with HR and a tax advisor to manage potential cost increases Click here to learn more

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 Altice USA.

1. Mental Benefits

Working during your Altice USA 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 Altice USA 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 Altice USA 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 Altice USA.

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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 is the 401(k) plan offered by Altice USA?

The 401(k) plan offered by Altice USA is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in Altice USA's 401(k) plan?

Employees can enroll in Altice USA's 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.

Does Altice USA match contributions to the 401(k) plan?

Yes, Altice USA offers a matching contribution to the 401(k) plan, helping employees to maximize their retirement savings.

What is the maximum contribution limit for Altice USA's 401(k) plan?

The maximum contribution limit for Altice USA's 401(k) plan follows the IRS guidelines, which may change annually. Employees should check the latest limits for the current year.

When can I start withdrawing from my Altice USA 401(k) plan?

Employees can generally start withdrawing from their Altice USA 401(k) plan without penalties after reaching the age of 59½, though there are specific rules regarding hardship withdrawals.

Can I take a loan against my Altice USA 401(k) plan?

Yes, Altice USA allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.

What investment options are available in Altice USA's 401(k) plan?

Altice USA's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles, allowing employees to choose based on their risk tolerance and retirement goals.

How often can I change my contribution amount to Altice USA's 401(k) plan?

Employees can change their contribution amount to Altice USA's 401(k) plan at any time, subject to the plan's guidelines and payroll processing schedules.

Is there a vesting schedule for Altice USA's 401(k) matching contributions?

Yes, Altice USA has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period to fully own the matched funds.

How can I check my Altice USA 401(k) account balance?

Employees can check their Altice USA 401(k) account balance by logging into the benefits portal or contacting the plan administrator for assistance.

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

In 2024, Altice USA announced a major restructuring plan, including significant layoffs and benefit reductions. The company is streamlining operations and focusing on improving profitability amidst rising operational costs.

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For more information you can reach the plan administrator for Altice USA at 1 Court Square, West Long Island City, NY 11101; or by calling them at (516) 803-2300.