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Discover the Top 5 Advantages of Continuing to Work in Retirement for Playtika Holding Employees

Healthcare Provider Update: Provides health insurance and retirement benefits, with additional support for retirees facing rising medical costs2. As ACA subsidies phase out, Playtika retirees relying on marketplace plans may face steep out-of-pocket increases, making employer-sponsored retiree coverage increasingly valuable. 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 Playtika Holding.

1. Mental Benefits

Working during your Playtika Holding 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 Playtika Holding 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 Playtika Holding 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 Playtika Holding.

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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 Playtika Holding offer to its employees?

Playtika Holding offers a 401(k) retirement savings plan to its employees.

Does Playtika Holding provide any employer matching contributions to the 401(k) plan?

Yes, Playtika Holding offers an employer matching contribution to help employees maximize their retirement savings.

What is the eligibility requirement for employees to participate in Playtika Holding's 401(k) plan?

Employees at Playtika Holding are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.

Can employees of Playtika Holding choose how to invest their 401(k) contributions?

Yes, employees of Playtika Holding can choose from a variety of investment options within the 401(k) plan.

Is there a vesting schedule for employer contributions in Playtika Holding's 401(k) plan?

Yes, Playtika Holding has a vesting schedule that determines how long employees must work to fully own employer contributions.

How can employees at Playtika Holding access their 401(k) account information?

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

What is the maximum contribution limit for employees participating in Playtika Holding's 401(k) plan?

The maximum contribution limit for employees in Playtika Holding's 401(k) plan is determined by IRS guidelines, which may change annually.

Does Playtika Holding allow for loans against the 401(k) balance?

Yes, Playtika Holding allows employees to take loans against their 401(k) balance under certain conditions.

Are there any penalties for early withdrawal from the 401(k) plan at Playtika Holding?

Yes, early withdrawals from Playtika Holding's 401(k) plan may incur penalties as per IRS regulations.

What happens to an employee's 401(k) balance if they leave Playtika Holding?

If an employee leaves Playtika Holding, they can roll over their 401(k) balance to another retirement account or leave it in the Playtika Holding plan, subject to the plan's rules.