Vanguard Rolls Back Plan to Cut Retiree Benefits

October 12, 2021 Rufina Lynn

Vanguard Team is restoring benefits for retirees soon after an endeavor to stage them out triggered protests amongst previous staffers. “I sincerely apologize for the stress and anxiety and pressure this determination has induced,” Vanguard Chief Executive Tim Buckley said in a online video information late Friday. “We know we missed the mark.” Vanguard is…

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Vanguard reverses decision to cut retiree medical benefit after employee outcry

October 8, 2021 Rufina Lynn

Financial commitment giant Vanguard walked back again a selection this week to lower its retiree medical profit system, which assists fork out for health care fees in retirement, following an outcry from recent and past workers. The added benefits in dilemma are retiree medical accounts, also regarded as RMAs, which are financial investment accounts that…

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