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Eversource Energy Employees: Discover the Key Questions to Ask for a Fulfilling Retirement Journey

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Healthcare Provider Update: Employees receive medical, prescription, dental, and vision coverage, with HSA contributions for high-deductible plans. The Med-Vantage Plan offers post-employment HRA contributions, making ACA planning relevant for retirees Click here to learn more

Eight years ago, in my mid-40s, I attended a dinner party where I witnessed an older man, slightly tipsy from his gin, pose a question to a young girl: “What do you want to be when you grow up?” Her response was a gleefully rattled off list: veterinarian, painter, computer programmer. I listened, intrigued, which soon turned into a near-panic realization. She had time to be all those things. However, no one was asking me what I wanted to be at a mature age. More critically, I wasn’t asking myself that question. At Eversource Energy, midlife is often not just a reflection but a redirection, sparking new career phases and personal growth.

Midlife is often seen as a 'crisis' time, marked by a U-shaped happiness curve with a dip in middle years. A significant reason for this is a tendency to fall into a vicious circle of complacency, where we lean heavily on our existing skills. We are reassured by our competence yet constrained by our perceived limitations, distributing our time accordingly. This inertia can pose health risks if it leads to prolonged burnout. Conversely, pondering 'What do I want to be?' can foster positive age perceptions and a strong will to live, something Eversource Energy professionals understand well, encouraging ongoing learning and adaptation.

This dinner party encounter propelled me into an unexpected six-year journey to become a competitive athlete, something I would never have envisioned. As a skinny, gangly child born a year before Title IX was amended, I always had an instinctive craving for what sports could offer me. Usually picked last for teams and warming the bench, I leaned into what I was praised for—stringing words together—and followed this feedback into a journalism career. I found myself tethered to my keyboard, leading a sedentary life of sitting and screen watching. Meanwhile, athletics took a backseat. Indeed, no one burst with joy when I fumbled on the seventh-grade basketball court, a reminder that we value resilience and the courage to try new roles, regardless of past experiences.

I was advised that by embracing something you enjoyed as a child and were naturally good at, it could become your superpower. Whether true or not, I’d be thrilled to gain an additional 7.5 years of life. This figure comes from Becca Levy, a Yale epidemiology professor who led a pioneering study linking age perception with mortality data. She concluded that individuals with a more positive view of aging lived an average of 7.5 years longer. Central to these positive perceptions was maintaining a 'will to live,' encompassing activities that excite and motivate us—much like the ongoing development opportunities at Eversource Energy, where employees are encouraged to engage in activities that fuel their passion and vitality.

After discussing with Levy and reviewing multiple studies from health, cognition, and longevity experts for my book 'Not Too Late: The Power of Pushing Limits at Any Age,' one conclusion was clear: avoiding the skill trap as we age is vital for preserving our sharpness and agility. Chronic exhaustion—like that which comes from tackling tough situations—has been linked to anxiety, depression, and an increased risk of making mistakes. By embracing new or uncomfortable experiences, we stop forcing our brain to operate on autopilot and make challenging choices. For example, always taking the same route, eating at the same restaurants, talking to the same people, or performing the same job in the same way. Routines have their place, but not when they put your life on autopilot, a philosophy well-aligned with Eversource Energy’s emphasis on innovation and dynamic career paths.

The Seattle Longitudinal Study, a significant research project running from 1956 to 2012, investigated cognitive development and change through adulthood. Over 6,000 adults, aged 22 to 100, participated, undergoing exercises to assess their cognitive skills. K. Warner Schaie, the lead author, wrote: 'When one stops making decisions, it won't be long before it's hard to make decisions at all. The belief that one can do no more becomes a self-fulfilling prophecy.' At Eversource Energy, we challenge this notion by fostering an environment where lifelong learning and decision-making are key components of our culture.

Still disoriented the morning after the dinner party, a simple Google search on 'the most challenging activities to do' led me to obstacle course racing (OCR), a demanding sport that combines running with obstacles such as carrying heavy sandbags and navigating ropes and monkey bars. An OCR variant will be featured in the 2028 Olympic Games as part of the modern pentathlon.

OCR was my answer to the old man’s question. Although I was certainly older, 'athlete' was still something I longed to be. Thus, for the past six years, I have trained nearly every day, despite my other responsibilities and professional obligations, to become what I always wished to be as a little girl but never imagined possible. As a competitive athlete, I've participated in over 50 races, won numerous medals in my age group, and competed in two world championships of the Spartan Race.

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When I was younger, there wasn't much to tell me that I could ever develop these skills. However, by tapping into the qualities, experience, and wisdom I now possess as an adult, I finally achieved this. Your ambition might differ, but you can also realize it. The path forward requires a reorganization of time and priorities. Three strategies to consider when embarking on your own quest to escape the skill prison:

  1. Do not impose entry barriers.
  2. Try something you truly enjoy, regardless of whether you think you are skilled at it.
  3. Be willing to appear foolish.

According to research, retirees who regularly ask themselves reflective questions about their life satisfaction tend to experience greater joy. A Harvard University study found that questions like 'What activities bring me joy?' and 'How can I continue to grow and learn?' are crucial for maintaining a fulfilling retirement. Regular self-assessment helps retirees align their activities with their values, enhancing overall well-being.

Explore how embracing new challenges can enhance your retirement years. This article examines how to push boundaries, avoid chronic monotony, and extend your life with expert advice and real-life examples. Keywords: retirement, active aging, mental well-being, overcoming ennui, longevity, new challenges, maintaining activity, positive age perceptions, health benefits, retirement activities.

What is the Eversource Energy 401(k) Savings Plan?

The Eversource Energy 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax or after-tax basis, helping them build a financial foundation for retirement.

How can I enroll in the Eversource Energy 401(k) Savings Plan?

Employees can enroll in the Eversource Energy 401(k) Savings Plan through the company's benefits portal or by contacting the HR department for assistance.

What is the employer match for the Eversource Energy 401(k) Savings Plan?

Eversource Energy offers a competitive employer match to encourage employee participation in the 401(k) Savings Plan. Specific matching contributions can vary, so it's best to check the plan documentation for details.

Can I change my contribution rate to the Eversource Energy 401(k) Savings Plan?

Yes, employees can change their contribution rate to the Eversource Energy 401(k) Savings Plan at any time through the benefits portal or by contacting HR.

What investment options are available in the Eversource Energy 401(k) Savings Plan?

The Eversource Energy 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to tailor their investment strategy.

Is there a vesting schedule for the Eversource Energy 401(k) Savings Plan?

Yes, the Eversource Energy 401(k) Savings Plan has a vesting schedule for employer contributions. Employees should refer to the plan documents for specific details on the vesting timeline.

What happens to my Eversource Energy 401(k) Savings Plan if I leave the company?

If you leave Eversource Energy, you have several options regarding your 401(k) Savings Plan, including rolling over your balance to another retirement account, cashing out, or leaving it in the plan if permitted.

Can I take a loan from my Eversource Energy 401(k) Savings Plan?

Yes, Eversource Energy allows employees to take loans from their 401(k) Savings Plan, subject to certain conditions and limits. Employees should review the plan's loan policy for more information.

Are there hardship withdrawals available in the Eversource Energy 401(k) Savings Plan?

Yes, Eversource Energy permits hardship withdrawals from the 401(k) Savings Plan under specific circumstances. Employees must meet certain criteria to qualify for a hardship withdrawal.

How often can I review my Eversource Energy 401(k) Savings Plan statements?

Employees can review their Eversource Energy 401(k) Savings Plan statements quarterly, and they can also access their account information online at any time.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Eversource Energy offers comprehensive employee pension and 401(k) plans for its employees, focusing on both financial security and long-term retirement benefits. Eversource Energy's pension plan is accessible through their PensionConnect platform. Employees participating in the Eversource Pension Plan can manage their accounts via the platform, which has been updated with enhanced security since January 2019​ (EHR.com). In addition to the pension plan, Eversource Energy offers a 401(k) plan, which includes a 100% match on the first 3% of employee contributions. An additional employer contribution, known as KVantage, is based on both the employee's age and years of service, and ranges from 2.5% to 6.5%. For employees over the age of 40, the MedVantage program provides an annual $1,000 contribution to a Health Reimbursement Account (HRA) for post-employment medical expenses
Restructuring Layoffs: Eversource has not announced any significant layoffs in 2023-2024, but the company remains vigilant in its operational adjustments to align with market conditions. Given the ongoing economic uncertainties, it's important for employees and stakeholders to stay informed about potential restructuring efforts that could impact job security and overall company strategy.
Eversource Energy provides its employees with both stock options and Restricted Stock Units (RSUs) as part of their compensation packages. The specific stock options and RSUs available at Eversource Energy are designed to align employee interests with those of shareholders, incentivizing long-term company performance. The stock options granted by Eversource Energy typically include the right to purchase company stock at a predetermined price, often based on the market value at the time of the grant. Employees generally must meet certain vesting conditions, such as continued employment over a specified period, to exercise these options. RSUs, on the other hand, are company shares granted to employees, which also vest over time. Once vested, the RSUs are converted into actual shares of Eversource Energy stock, which the employee can then hold or sell. As of 2022, 2023, and 2024, these stock options and RSUs have been made available to a broad range of employees within the company, primarily focusing on executive-level staff and those in key positions critical to the company's success. The specific eligibility criteria, vesting schedules, and grant amounts vary based on the employee's role and performance.
Eversource Energy offers a comprehensive set of health benefits designed to support the well-being of its employees. The company's health benefits for the years 2022, 2023, and 2024 include a variety of plans such as medical, prescription, dental, and vision coverage. Employees have access to Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), which allow them to manage healthcare expenses with tax advantages. Eversource is also known for its wellness program, which incentivizes employees and their spouses to adopt and maintain healthy lifestyles. The program includes access to wellness resources, often powered by platforms like Virgin Pulse, and offers rewards for participation in health-related activities. Additionally, Eversource has specific provisions for employees facing serious health conditions. For instance, the company offers protections against service shut-offs for households with members facing life-threatening conditions or serious illnesses. These protections extend through specific periods and require certification from a medical professional.
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For more information you can reach the plan administrator for Eversource Energy at , ; or by calling them at .

https://creativeplanning.com/insights/financial-planning/how-to-use-the-net-unrealized-appreciation-nua-strategy-in-your-401k/ https://bogartwealth.com/nua-strategy/ https://www.taxfavoredbenefits.com/resource-center/retirement/net-unrealized-appreciation-nua-explained https://energyandpolicy.org/utilities-executive-compensation-analysis-eversource/ https://www.eversource.com/content/residential/about/investors/annual-reports-10k https://www.plansponsor.com/eversource-energy-agrees-to-settle-401k-lawsuit-for-15-million/ https://www.marketbeat.com/stocks/NYSE/ES/chart/#google_vignette https://chatgpt.com/c/46e93977-6963-48d9-b476-ac075279479c https://www.kiplinger.com/ https://westfaironline.com/energy/eversource-energy-contemplates-sale-of-aquarion-water/ https://www.eversource.com/content/docs/investors/eversource-osw-sale-agreement-press-release-feb-13-24.pdf?sfvrsn=2c5a024c_1 https://nu.ehr.com/Shared/Account/LogOn?ReturnUrl=%2f https://www.thelayoff.com/t/1jVlfl48 https://www.pentegra.com/current-thinking/retirement-industry-trends-and-marketplace-expertise/whats-the-deal-with-cash-balance-plans/ https://pitchbook.com/profiles/limited-partner/62861-41

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