/General/General%208.png?width=1280&height=853&name=General%208.png)
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 Pitney Bowes.
1. Mental Benefits
Working during your Pitney Bowes 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 Pitney Bowes 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 Pitney Bowes 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 Pitney Bowes.
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 purpose of the 401(k) plan at Pitney Bowes?
The 401(k) plan at Pitney Bowes is designed to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax or Roth basis.
How does Pitney Bowes match employee contributions to the 401(k) plan?
Pitney Bowes offers a matching contribution to the 401(k) plan, which typically matches a percentage of the employee's contributions, helping to enhance retirement savings.
Who is eligible to participate in the Pitney Bowes 401(k) plan?
All full-time and part-time employees of Pitney Bowes are eligible to participate in the 401(k) plan after meeting specific service requirements.
Can employees of Pitney Bowes take loans against their 401(k) savings?
Yes, Pitney Bowes allows employees to take loans against their 401(k) savings, subject to certain limits and repayment terms outlined in the plan.
What investment options are available in the Pitney Bowes 401(k) plan?
The Pitney Bowes 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.
How can employees at Pitney Bowes access their 401(k) account information?
Employees can access their 401(k) account information through the Pitney Bowes benefits portal or by contacting the plan administrator directly.
What is the vesting schedule for the Pitney Bowes 401(k) plan?
The vesting schedule for the Pitney Bowes 401(k) plan typically requires employees to work for a certain number of years before they fully own the employer's matching contributions.
Can employees of Pitney Bowes change their contribution percentage to the 401(k) plan?
Yes, employees at Pitney Bowes can change their contribution percentage to the 401(k) plan at any time, subject to plan rules.
What happens to the 401(k) savings if an employee leaves Pitney Bowes?
If an employee leaves Pitney Bowes, they can choose to roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the Pitney Bowes plan, depending on the balance.
Does Pitney Bowes offer educational resources for employees regarding their 401(k) plan?
Yes, Pitney Bowes provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)
5. BenefitsPRO, 2017