New York Life Rolls Out Pension Education Employee Benefit News (09/15/00) Vol. 14, No. 10 p.62; Dickey, Sam
New York Life Benefit Services (NYLB) has unveiled a
new communications campaign as part of its L(earn) campaign. It
is designed to educate employees about defined benefit pension
plans and incorporating pension information into their overall
retirement planning. NYLB executives note that pension plans are
usually negotiated between sponsors and plan providers, and
employees do not have as much control as they do with 401(k)
plans--making it harder for them to understand the pension plans.
The program includes a participation kit, face-to-face
participant education meetings, a series of meetings to train
internal personnel to educate employees, and promotional wallet
cards and postcards.