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With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Pension Plan Name: Identify the official name of Nasdaq's pension plan.
Years of Service and Age Qualification: Determine the minimum years of service and age requirements for eligibility.
Pension Formula: Review the formula used to calculate the pension benefits.
Plan Details: Gather details about who qualifies for the pension plan.
401(k) Plan Name: Identify the official name of Nasdaq's 401(k) plan.
Eligibility: Determine who qualifies for the 401(k) plan.
Restructuring and Layoffs: Nasdaq announced a significant restructuring plan in early 2024 aimed at streamlining its operations and reducing costs. This plan included layoffs affecting approximately 5% of its workforce across various departments. The restructuring is part of Nasdaq’s strategy to enhance efficiency and adapt to the evolving financial landscape. The current economic environment, characterized by fluctuating market conditions and regulatory changes, makes it crucial for investors and employees to stay informed about such shifts. Staying updated on these changes helps manage potential impacts on personal investments and employment stability.
Benefits Overview: Nasdaq offers a comprehensive benefits package including medical, dental, and vision insurance, with options for both HDHP and PPO plans. Employees have access to HSAs and FSAs (Flexible Spending Accounts). The benefits also include an Employee Assistance Program (EAP), wellness programs, and mental health resources. The official site provides detailed summaries of coverage options, including preventive care, specialist visits, and prescription benefits.