Tourism Kingston is supporting employee financial well-being and retirement readiness with a new group registered retirement savings plan.
The program, provided by the Empire Life Insurance Co., provides members with streamlined investment options that align with their retirement timelines, says Claire Matthews, the organization’s people and culture coordinator.
“It’s a fully digital experience and it’s paired with professionally-managed investing. Our employees no longer have to worry about making complex investment decisions . . . as far as their risk tolerance goes.”
The organization communicated the new plan to its 17 full-time employees through a combination of email notifications and a Q&A session on the offering. Matthews notes employee feedback on the plan has been positive.
“Every Tuesday we have a roundtable in-person team meeting and that’s where that that kind of informal opportunity [for employee feedback] took place. Our messaging focused on the plan’s simplicity and professional management and it resonated well with the team.”
The plan also reinforces Tourism Kingston’s commitment to supporting employee financial well-being, says Matthews. “It reflects our commitment to employee empowerment and financial wellness, which is really important to us. . . . The system is very efficient, which benefits not only our staff but the organization as a whole.”
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