SP19 Beyond the Base Pay

Did you know that 1 in 3 Americans has less than $5000 saved for retirement? And did you know that most Americans have to live with the same saving account for 20 years after retirement? Many of us may think fully retiring is far in the distant future but a late start on retirement saving is one of the main causes of retirement inadequacy.

Cal Actuarial League encourages you to look “beyond the base pay” and to consider other terms of your offer letter: retirement and health insurances. During the presentation, our actuarial officers will discuss different elements of your offer letter – especially your retirement and health insurance plans. If you have ever wondered about terms such as “401(k) plans,” “pension plans,” and “employer contribution”, definitely check us out!