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Discover the Best Countries for Kelly Services Retirees: Top Global Destinations for Your Next Adventure

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Evaluating Global Retirement Index (GRI): The Top Places for Retirement

As the year unfolds, the Global Retirement Index (GRI) by the esteemed investment bank Natixis provides invaluable insights into potential retirement destinations for Kelly Services retirees. Examining 44 countries, the GRI accounts for pivotal factors such as health, post-retirement financial security, quality of life, and overall well-being during the golden years. Each country is subsequently rated on a scale, with the apex being 100 points.

To better inform decisions, let's delve deeper into the top five nations according to the GRI:

1. Norway:  Leading the list, Norway scored 81% on the GRI, reclaiming its top position after a brief stint in third place for four years. Although it has seen a dip from its 87% in 2012, Norway's commendable consistency across all four subindices, especially finance, is noteworthy. The country leaped from 25th to eighth place, attributed to its shift to a positive five-year interest rate average. Additionally, advances in life expectancy and insured health expenditure are also worth highlighting. Even though there was a slight surge in unemployment, Norway's robust healthcare infrastructure lends it a sturdy foundation.

2. Switzerland:  With a score of 80%, Switzerland took the second spot, showing a marginal decline from 81% in the preceding year. The most significant decrease emanated from its material well-being metrics, particularly in income equality and unemployment. However, it continues to have the fourth-highest income per capita. The finance sub-index may have seen a slight dip, but Switzerland’s scores in environmental and happiness factors, as well as health expenditure per capita indicators, showcased improvement.

3. Iceland:  Iceland, having achieved the pinnacle in 2021, witnessed a significant drop to 79%, placing it third. The primary determinants for this decline were in its financial and material well-being metrics. A significant contributor to the dip was the upswing in government indebtedness. Yet, it still achieved second place in income equality and boasted commendable scores in environmental and happiness metrics.

4. Ireland:  Consistently at fourth place, Ireland recorded a GRI score of 76%, marking a minor drop from 78% the previous year. The decline primarily stemmed from its finances and material well-being. While there was a surge in unemployment and income equality metrics, Ireland still boasts the third-highest income per capita globally. The nation also secured remarkable placements in the happiness and health indices, propelled by its air quality and environmental initiatives, and advancements in health expenditure.

5. Australia:  Completing the top five, Australia posted a score of 75%, a slight decrease from 76% in 2021. The downtrend, akin to other countries, is mainly attributed to its financial and material well-being indices. However, there was a discernible decline in its quality of life metrics. Australia's achievements in income per capita and unemployment metrics were offset by a diminished income equality score. Yet, the nation boasts some of the most impressive air quality metrics, albeit with a minimal uptick in environmental initiatives. The strength of its healthcare infrastructure, with life expectancy being a predominant factor, has solidified its place in the top five.

The United States' Position:

A pivotal inquiry remains – where does the U.S. stand? The nation has settled at the 18th position, descending to 69% from 71% in 2021. The primary contributors to this placement are unemployment and income equality metrics. While the U.S. secured the sixth-highest income per capita, this was overshadowed by its subpar performance in income equality. Factors like government indebtedness, old-age dependency, and tax pressures further dragged the U.S. down the list. On a positive note, the nation saw an uplift in its life expectancy metrics for 2022, with the highest score in health expenditure per capita and the fourth-highest in insured health expenditure globally. This implies that while there is a decline in finance and material well-being, quality of life, encapsulating healthcare, environmental, and happiness factors, is showing signs of amelioration.

According to the World Health Organization's Global Age-friendly Cities Guide published in 2007, the environment plays a crucial role in determining the health and well-being of older individuals. The infrastructure, services, and community connections in a country can significantly influence retirees' quality of life. For Kelly Services professionals considering retirement, it's essential to evaluate not just a nation's ranking on indices but also its compatibility with age-friendly infrastructures. This includes ease of transportation, accessible healthcare facilities, and opportunities for social engagement, ensuring a fruitful and active retirement.

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In conclusion, while each country has its strengths and areas of improvement, this index serves as a guide for Kelly Services employees considering their retirement options. With a holistic understanding of each nation’s standing, Kelly Services employees are better equipped to make informed decisions for their future.

Selecting a country to retire in is much like choosing the perfect wine for a connoisseur's collection. Norway is the vintage Bordeaux - consistently exquisite with a history of rich offerings. Switzerland and Iceland are akin to fine Chardonnays, providing elegance and a hint of robust adventure. Ireland resembles a well-aged Cabernet, deep in tradition yet with layers of modern vibrancy. Australia, with its sunny disposition, can be likened to a crisp Sauvignon Blanc. Meanwhile, the U.S., though a popular choice like a classic Pinot Noir, doesn't quite make it to the top shelf in this year's selection. Choose wisely for the perfect Kelly Services retirement toast.

What type of retirement plan does Kelly Services offer to its employees?

Kelly Services offers a 401(k) retirement savings plan to help employees save for their future.

How can I enroll in the Kelly Services 401(k) plan?

Employees can enroll in the Kelly Services 401(k) plan by visiting the company’s benefits portal or contacting the HR department for assistance.

Does Kelly Services match contributions to the 401(k) plan?

Yes, Kelly Services provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility requirement to participate in the Kelly Services 401(k) plan?

Employees of Kelly Services are typically eligible to participate in the 401(k) plan after completing a specified period of service, as outlined in the plan documents.

What investment options are available in the Kelly Services 401(k) plan?

The Kelly Services 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can I take a loan against my 401(k) plan with Kelly Services?

Yes, Kelly Services allows employees to take loans against their 401(k) balances, subject to the plan’s terms and conditions.

What is the vesting schedule for the Kelly Services 401(k) matching contributions?

The vesting schedule for Kelly Services 401(k) matching contributions varies, so employees should refer to the plan documents for specific details.

How often can I change my contribution amount to the Kelly Services 401(k) plan?

Employees can change their contribution amount to the Kelly Services 401(k) plan at any time, typically through the benefits portal.

What happens to my 401(k) plan if I leave Kelly Services?

If you leave Kelly Services, you can choose to roll over your 401(k) balance to another retirement account, withdraw the funds, or leave the balance in the Kelly Services plan if allowed.

Does Kelly Services offer financial education resources for 401(k) participants?

Yes, Kelly Services provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Pension Plan Information: Plan Name: Identify the specific pension plan name. Years of Service and Age Qualification: Determine the required years of service and age qualifications. Pension Formula: Review how the pension amount is calculated. Plan Name: Provide the name of the pension plan. 401(k) Plan Information: Plan Name: Identify the 401(k) plan name. Qualification: Determine who qualifies for the 401(k) plan. Plan Name: Provide the name of the 401(k) plan.
Restructuring and Layoffs: In early 2023, Kelly Services announced a significant restructuring plan aimed at reducing operational costs. This involved a reduction in workforce and streamlining of business units. The company cited the need to adapt to evolving market conditions and shifting client needs as key reasons behind the layoffs. The impact was felt across various departments, reflecting broader trends in the staffing industry. Benefit Changes: In 2024, Kelly Services revised its employee benefits package to better align with industry standards and cost management strategies. Changes included modifications to health insurance plans and retirement contributions. The company emphasized the need to remain competitive while managing operational expenses. Pension and 401k Changes: Kelly Services made adjustments to its 401k plan in mid-2023, including changes to company matching contributions and investment options. These modifications were part of a broader effort to optimize financial sustainability and employee engagement with their retirement plans. The company also reviewed its pension plans, making tweaks to ensure long-term viability while addressing regulatory and market changes.
Kelly Services offers stock options and RSUs to eligible employees as part of their compensation package. The stock options typically grant employees the right to purchase company stock at a predetermined price. RSUs are company shares given to employees with specific vesting schedules.
Kelly Services Careers: Kelly Services offers a range of health benefits for their employees. This typically includes medical, dental, and vision insurance plans, with options for both individual and family coverage. Health and Wellness Programs: The company provides access to wellness programs and resources, including telemedicine services and mental health support.
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For more information you can reach the plan administrator for Kelly Services at , ; or by calling them at .

https://www.thelayoff.com/ https://www.milliman.com/en/insight/2023-lump-sums-defined-benefit-plans-much-lower-as-interest-rates-rise https://pinnacle-plan.com/retirement-plan-third-party-administrator-san-antonio/ https://www.futureplan.com/resources/news-articles/defined-benefit-cash-balance-plan-key-priorities/ https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/fact-sheets/cash-balance-pension-plans

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