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 Atmos Energy Employees

Healthcare Provider Update: Atmos Energy offers medical, dental, and vision insurance through Blue Cross Blue Shield of Texas, along with HSAs, FSAs, and telemedicine via MDLIVE 1. With ACA premiums projected to rise by 1518% and subsidies set to expire, Atmoss employer-sponsored plans provide a stable and cost-effective alternative to marketplace coverage. 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 Atmos Energy.

1. Mental Benefits

Working during your Atmos Energy 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 Atmos Energy 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 Atmos Energy 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 Atmos Energy.

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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 Atmos Energy 401(k) plan?

The Atmos Energy 401(k) plan is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can I enroll in the Atmos Energy 401(k) plan?

You can enroll in the Atmos Energy 401(k) plan by accessing the employee portal and completing the online enrollment process.

Does Atmos Energy match contributions to the 401(k) plan?

Yes, Atmos Energy offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

What is the maximum contribution I can make to the Atmos Energy 401(k) plan?

The maximum contribution limit is determined by IRS guidelines, and Atmos Energy follows these limits, which may change annually.

When can I start contributing to the Atmos Energy 401(k) plan?

Employees at Atmos Energy can start contributing to the 401(k) plan after they have completed their eligibility requirements, typically within the first few months of employment.

What investment options are available in the Atmos Energy 401(k) plan?

The Atmos Energy 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How can I change my contribution percentage in the Atmos Energy 401(k) plan?

You can change your contribution percentage by logging into the employee portal and updating your 401(k) settings.

Is there a vesting schedule for Atmos Energy's matching contributions?

Yes, Atmos Energy has a vesting schedule for matching contributions, which means you will earn ownership of those contributions over time.

Can I take a loan from my Atmos Energy 401(k) plan?

Yes, Atmos Energy allows employees to take loans from their 401(k) accounts under certain conditions outlined in the plan.

What happens to my Atmos Energy 401(k) if I leave the company?

If you leave Atmos Energy, you have several options for your 401(k) funds, including rolling them over to another retirement account, cashing out, or leaving them in the Atmos Energy plan if permitted.

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

Atmos Energy announced a restructuring plan that includes layoffs and changes to their pension plan. The company is streamlining operations to improve efficiency and reduce costs.

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For more information you can reach the plan administrator for Atmos Energy at 5430 LBJ Freeway, Suite 1400 Dallas, TX 75240; or by calling them at +1 888-286-6700.