Benefit design
Smart benefit design is an essential part of any strategy to reward employees while containing the cost and risk of future obligations. But with life expectancies on the rise, schemes need to face the prospect of larger obligations as more scheme members draw benefits for longer.
Watson Wyatt can help you think through the issues affecting your benefits package by advising you on:
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pension plan design (defined benefit, defined contribution or hybrid)
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implementation and employee communication
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administration design
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total reward
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flexible benefits
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