International pension plans help overseas workers prep for retirement
While it may be glamorous to work abroad, things can get less-than-exciting when it comes to planning for retirement.
That’s especially the case for companies trying to recruit and retain high-level employees.
One emerging answer to the question is the international pension plan.
According to a recent survey by the consultant giant Mercer, employers are beginning to recognise that more flexibility in retirement saving can better provide for the needs of expatriate or “nomad” employees who spend most of their time pursuing a chain of foreign assignments.
A separate survey by Towers Watson found the number of companies using these plans grew by about 10 percent in 2013, to 438.
Read more
