Press Release

MissionSquare Retirement Renews Partnerships with Public Service Organizations in California, Florida, Michigan, and New York to Bolster Retirement Security for Local Government Employees

Issued by MissionSquare Retirement

Mar. 5, 2024

MissionSquare Retirement, a staunch advocate for retirement security and financial well-being, is pleased to announce the renewal of partnerships with eight public service organizations across the nation:

• Aptos/La Selva Fire Protection District, California
• Central Fire District of Santa Cruz County, California
• City of Livermore, California
• Lakewood Ranch Inter-District Authority, Florida
• City of Jamestown, New York
• County of Steuben, New York
• Marquette County Health Department, Michigan
• County of Marquette, Michigan

Andrew Whiting, Senior Vice President and Chief Sales Officer, said, "As many public service employees grapple with the rising cost of living, guiding these workers toward optimal financial security in retirement becomes increasingly vital. Recognizing the weight of financial concerns on the minds of America’s public employees, our commitment is unwavering in alleviating their retirement anxiety. With a 50-year legacy, MissionSquare Retirement is focused on helping meet the unique retirement needs of career public employees. We are grateful for the continued trust that our clients place in our expertise, commitment, retirement products, and personalized service."

Recent findings from MissionSquare Research Institute are striking, revealing that 88% of public service workers express worry about their financial outlook and decisions. Alarmingly, 77% of these individuals carry this burden to work, signifying an increase from 66% in 2019.

Furthermore, a recent national survey targeting younger public workers indicated that 77% acknowledged the imperative to save more for retirement. Strengthening the financial well-being of these employees is of paramount importance, not only for reducing on-the-job stress but also for ensuring they can enjoy a financially secure retirement after dedicating their careers to serving their communities.

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