Workforce Development

Momentum Grows for Portable Benefits

August 2, 2016  • Natalie Foster

On July 27, the US Department of Labor announced $100,000 in grant funding to encourage organizations to develop workable models for portable retirement savings benefits.

The DOL grants will be made available through the newly created Portable Retirement Benefits Planning grant program. Funding will be awarded to organizations to identify the existing challenges in the current retirement system for workers — particularly women, and those in lower-income occupations — and to expand and develop new portable retirement savings models for their members and constituents.

Natalie Foster discusses the importance of encouraging organizations to meet the needs of workers in the 21st century through programs such as this, and discusses the background of the Portable Benefits movement.

Read her full post.