New Update: Rising Oil Costs are Affecting Retirement Plans. Will you be impacted?
Discover the Top 5 Advantages of Continuing to Work in Retirement for Jacobs Engineering Group Employees
/General/General%208.png?width=1280&height=853&name=General%208.png)
Crude oil prices remain elevated and volatile, with annualized volatility around 80% and prices ranging between $50 and $120 per barrel over the past six months. Petroleum-based materials, heavy equipment diesel, and the mortgage rate inflation driven by energy costs create multiple layers of oil price exposure for construction and homebuilding. Jacobs Engineering Group employees building long-term savings should recognize that oil-driven economic conditions can affect both the growth of their portfolios and the purchasing power of their eventual retirement income. Working with a financial advisor helps ensure that energy market uncertainty does not undermine your long-term retirement and financial goals.
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 has grown substantially from 20 percent in 2002, reflecting the growing trend of Americans choosing to work longer and redefine retirement.(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 Jacobs Engineering Group.
1. Mental Benefits
Working during your Jacobs Engineering Group 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 Jacobs Engineering Group 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 Jacobs Engineering Group 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 Jacobs Engineering Group.
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. "7 Things to Know About Working While Getting Social Security." AARP, updated Feb. 2026. www.aarp.org/social-security/working-and-your-monthly-benefit/.
2. Forbes, 2017
3. Social Security Administration. "How Work Affects Your Benefits." SSA Publication No. 05-10069, updated 2026. www.ssa.gov/pubs/EN-05-10069.pdf.
4. Association for Psychological Science, 2017
5. BenefitsPRO, 2017
That same shift from growing assets to drawing them down applies directly to the pension decisions in front of you at Jacobs Engineering Group. Jacobs Engineering Group has frozen its defined benefit pension to new accruals, meaning your benefit is based on service and compensation accumulated up to the freeze date - but the value already locked in remains a meaningful asset worth analyzing. If a lump sum option is available, IRS segment rates in effect during the plan's lookback period directly affect the present value calculation; rising rates reduce the lump sum amount, so the rate environment at your retirement date matters. Understanding the annuity equivalent of your frozen benefit and comparing it to a potential lump sum is an important step in sequencing your retirement income from multiple sources.
On the healthcare side, Jacobs Engineering Group provides continued medical coverage to eligible retirees, which can bridge the gap between retirement and Medicare eligibility at age 65 or serve as a supplement to Medicare thereafter. Confirming the service and age requirements for retiree coverage, and understanding your premium contribution, is an important step in building an accurate healthcare cost projection. Coordinating Jacobs Engineering Group's retiree coverage with Medicare Part B and Part D enrollment timing can also reduce duplication and avoid late-enrollment penalties. Connecting your specific Jacobs Engineering Group benefits situation to a comprehensive retirement income plan - and understanding how each component interacts - gives you the most complete picture of what retirement will look like.
What type of retirement savings plan does Jacobs Engineering Group offer?
Jacobs Engineering Group offers a 401(k) retirement savings plan to help employees save for their future.
Is participation in the 401(k) plan at Jacobs Engineering Group mandatory?
No, participation in the 401(k) plan at Jacobs Engineering Group is voluntary; employees can choose whether or not to enroll.
What is the minimum age requirement to participate in Jacobs Engineering Group's 401(k) plan?
Employees must be at least 21 years old to participate in Jacobs Engineering Group's 401(k) plan.
Does Jacobs Engineering Group offer any matching contributions to the 401(k) plan?
Yes, Jacobs Engineering Group offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the vesting schedule for the matching contributions at Jacobs Engineering Group?
The vesting schedule for matching contributions at Jacobs Engineering Group typically follows a graded schedule over several years, allowing employees to earn ownership of those contributions over time.
Can employees of Jacobs Engineering Group choose how their 401(k) contributions are invested?
Yes, employees of Jacobs Engineering Group can choose from a variety of investment options for their 401(k) contributions, including mutual funds and target-date funds.
What is the contribution limit for the 401(k) plan at Jacobs Engineering Group?
The contribution limit for the 401(k) plan at Jacobs Engineering Group is set by the IRS and may change annually. Employees should check the current limits for the specific year.
Does Jacobs Engineering Group allow employees to take loans against their 401(k) savings?
Yes, Jacobs Engineering Group allows employees to take loans against their 401(k) savings, subject to certain terms and conditions.
What happens to my 401(k) account if I leave Jacobs Engineering Group?
If you leave Jacobs Engineering Group, you have several options for your 401(k) account, including rolling it over to another qualified plan, cashing it out, or leaving it with Jacobs Engineering Group.
How can I access my 401(k) account information at Jacobs Engineering Group?
Employees can access their 401(k) account information through the designated online portal or by contacting the plan administrator at Jacobs Engineering Group.
For more information you can reach the plan administrator for Jacobs Engineering Group at , ; or by calling them at .
Help shape our next stories
Choose the topics you’d love to read more about. Your input helps us focus on content that matters to you.