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Premium coverage is for someone that's not only trying to protect themselves from major losses. Premium coverage users value their investment, understand its worth, and are willing to "pay more now" to gain more benefit in the future. When viewing your retirement plan from this perspective, you'll want to think about best practices for saving, to ensure your nest egg is substantial enough for your expected future financial needs.
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| No, there is no change to part-time employees' eligibility. Part-time employees will be eligible for the 403(b)(9) plan the same as they are for the 401(k) plan.
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