Jersey City renews $208 million government plan with Prudential Retirement
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“Our renewed partnership with
Prudential continues to see momentum in the governmental market. Most recently the state of
Pensions have been the centerpiece of a secure retirement for many workers employed by the public sector, with 63 percent saying having one has “significantly influenced” their decision to pursue a career in the public sector, according to a report commissioned by Prudential Retirement.
But as more and more states and municipalities are forced to cut back on pensions, public sector employers are rethinking how they will attract talent in the future. Many are turning to defined contribution plans to supplement the pensions they offer to employees and modernizing their overall benefits package to engage and incentivize employees.
Prudential’s partnership with
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and nonqualified deferred compensation recordkeeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services. With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.3 million participants and annuitants. Prudential Retirement has
About Prudential
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Source: Prudential Retirement
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