An Attractive Benefit to Recruit Millennials

Lyndsey R. Barnett

As an ERISA attorney, when I hear about a company providing great benefits, I immediately think of a good medical plan or a 401(k) that must have a large matching contribution.  I saw an article this weekend that got my attention on a new strategy that some employers are using to get their young employees to save for retirement while helping them pay down their student loan debt.  In a time when all companies seem to be struggling (or at least evaluating) the best way to recruit and retain millennials, I thought this article was worth the 2-minute read.

http://www.bloomberg.com/news/articles/2016-03-02/how-to-pay-school-loans-and-save-for-retirement-at-the-same-time