Suite of comprehensive services provides counseling, retirement planning and customized benefits solutions
WINDSOR, Conn., June 29 /PRNewswire-FirstCall/ -- ING's U.S. Retirement Services operations announced today that its large corporate and government retirement plan clients can now take advantage of a new suite of services designed to help employees navigate the complexities of workplace transitions.
The program, known as Taking Control(R), is offered as a value-added resource for plan sponsors. Employers can leverage this unique package of services at no additional cost to assist employees who are approaching retirement, leaving their jobs or who are impacted by a corporate action, such as a workforce reduction, the termination of a benefit plan, or the sale of a business.
Taking Control(R) focuses on educating and assisting participants as they transition to retirement or another employer. The program also helps reduce many of the administrative burdens faced by employers while enabling employees to make more informed decisions about their benefits and finances during the outplacement process.
'In today's environment, addressing the needs of transitioning workers has become an enormous responsibility for employers and their human resources departments. Employees leaving a job often have questions about their retirement accounts, their benefits and other financial matters,' said Randy Ciccati, president of ING Financial Solutions Group. 'That's why ING is pleased to be offering Taking Control(R) as a resource for our large corporate and government clients. We see this as an opportunity to make a plan sponsor's job easier, while providing employees with meaningful, workable and immediate financial solutions.'
'Taking Control(R) is a powerful complement to our overall Direction-for-Life(R) strategy,' said Sandra McCarthy, president of ING Institutional Plan Services. 'This program enhances a sponsor's ability to choose a level of service appropriate to their corporate-action strategies and employee demographics, while enabling participants to benefit from individualized, objective support for their own personal life situations and goals.'
Three Services, One Comprehensive Approach
ING's Taking Control(R) program is a menu of three distinct services for sponsors or employees depending on their specific situations or needs:
- Transition Counseling: ING's Transition Counseling services are available to all participants who experience a transition in their retirement plans.
