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Pre-retirees now expect their savings to last, on average, only 15 years after retirement, down from 19 years just four years ago, despite many expecting to spend 25 to 30 years in retirement.

Key Takeaways EBSA Nominee Lays Out His Vision for the Agency;Senate Committee to Vet Candidates for DOL, EEOC Posts;Bill Aims to Raise Federal Minimum Wage to $15 Per Hour;DOL Head Vows to Uphold Laws Amid Proposed Cuts; EBSA Nominee Lays Out His Vision for the Agency Daniel Aronowitz, U.S.

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The survey also showed: ;19% of surveyed employees said they don’t even try to hide it — their travel companions know they’ll be working on vacation and are never far from their work phone.; ;16% said they’ve missed out on time with family or friends because they needed to work while on vacation.; ;15% said they’ve worked secretly while on vacation without anyone noticing.; ;11% said they’ve pretended they were sick while on vacation so they could work instead.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Executive Compensation; ;Finance and Budgeting; ;Well-Being; ;Workforce Engagement;

The organization estimates that roughly 40% of U.S. workers are living in states that already have a $15 minimum wage or will increase to $15 in the near future .

To boot, plans and budgets can become more accurate because management no longer has an incentive to hold back information and sandbag budgets in hopes of setting a more readily achievable target.

Payouts of the incentive portion vary from year to year; sometimes payouts exceed the budget, sometimes they are less than the budget.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Career Growth; ;Employee Benefits; ;Employee Compensation; ;Finance and Budgeting; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.