A new bipartisan proposal in Congress would help unpaid family caregivers make up for lost retirement income. The proposed legislation would allow caregivers to make catch-up payments to their 401(k), IRAs, and other accounts so they don’t lose out on valuable retirement savings as a result of the time they took to help a family member in need.
AARP Family Caregiving Resources for Employers’ Post
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Securian Financial found that 78% of caregivers who work full time expect their employers to provide benefits and resources to support them as caregivers, while 73% of caregivers look to their employers to find support for their roles as caregivers. PTO, flexible work hours, and flexible work locations are the most closely aligned benefits for caregiving, while paid leave and financial assistance are also highly valued benefits.
78% of caregivers working full time expect their employers to provide benefits supporting them as caregivers, survey finds
businesswire.com
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Employee Resource Groups (ERGs) are on the rise in the workforce. These groups offer workers resources and services in the workplace and at home, helping build supportive communities at work for caregivers.
Why More Employers Are Investing in Caregiver ERGs
aarp.org
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"Caring for a chronically ill parent, spouse, or other relative is hard. And, without support, it can seriously interfere with paid jobs, disrupting not only employees’ lives but their workplaces as well." Learn how the Rosalynn Carter Institute for Caregivers and a small group of employers have developed a small-scale model that holds real promise for family caregivers.
Family Caregiving Is Tough On Workers. What Are Employers Doing About It?
forbes.com
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A new bipartisan proposal in Congress would help unpaid family caregivers make up for lost retirement income. The proposed legislation would allow caregivers to make catch-up payments to their 401(k), IRAs, and other accounts so they don’t lose out on valuable retirement savings as a result of the time they took to help a family member in need.
Unpaid family caregivers would get retirement boost under new proposal
marketwatch.com
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A new Workplace Wellness Survey (WWS) report published by the Employee Benefit Research Institute (EBRI) finds working caregivers are slightly older on average, more stressed about finances, and are challenged to juggle work and caregiving responsibilities. Read more key findings from the survey.
Shining a Spotlight on Caregivers in the Workplace: Findings From the 2023 Workplace Wellness Survey
ebri.org
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This interactive story from the Wall Street Journal highlights the increasing number of male caregivers and the challenges they face.
More Sons Are Caring for Their Parents. It Can Take an Emotional Toll.
wsj.com
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The Department of Labor discusses the main types of paid leave and states that have adopted paid family and medical leave programs.
Paid Leave
dol.gov
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AT&T has started a new benefit for their managers - caregiver leave, which entitles employees to an extra 15 days off a year.
AT&T offers managers a rare benefit: paid time off to care for loved ones
finance.yahoo.com
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