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May 2022 Policy Forum #91
Panel 1: What is Driving the Great Resignation/Retirement — and What Does the Future Hold for the Labor Force?
The COVID-19 pandemic has dramatically reconfigured the Americans labor force — with many leaving or retiring in unexpected ways. As the economy opens up and the workplace begins to return to normal, how will various demographic groups reenter the labor force? With EBRI research and insights from experts, this panel explores the reasons that workers are staying out of or returning to the workplace. How are workers supporting themselves if they are choosing not to return, and what can employers do to entice them back? Will retirement preparedness be affected?
Keynote Speaker: Amber Rivers, Director, Office of Health Plan Standards and Compliance Assistance, U.S. Department of Labor
Amber Rivers, Director, Office of Health Plan Standards and Compliance Assistance at the U.S. Department of Labor, provides a keynote address. Amber provides an overview of recent activity within her Office, as well as what is on the horizon, including regulation related to the Consolidated Appropriations Act’s provisions on Mental Health Parity, COVID 19, the No Surprises Act, and Transparency in Coverage.
Panel 2: Debt and Financial Security: Challenges and Possible Solutions
Debt is a key — and particularly challenging — factor when it comes to financial wellness and retirement saving. This session examines levels and types of debt held by American workers and retirees using EBRI research — including how debt has changed from prior generations. Our panel of experts also discusses how employers and financial wellbeing programs can address the debt issue as well as how retirement savings are being impacted by the debt of workers today.
Panel 3: The State of Mental Health in the Workplace
Mental health disorders such as depression and anxiety have been rising in the workplace and beyond — exacerbated by the COVID-19 pandemic. The Workplace Wellness Survey shows that one-half of workers are at least moderately concerned about their emotional well-being. And workers and employers strongly agree that employers have a responsibility for workers’ mental health. This panel addresses the state of mental health in the workplace using recent EBRI research and insights from industry experts on how employers can address their workers’ mental health. Issues related to public policy are also discussed.