Converting Cash Payouts at Retirement into a Tax Free Benefit

Many employers offer cash payouts at retirement for unused leave or other accumulated benefits—yet those dollars are often lost to taxes and may increase retirees’ healthcare costs while creating significant financial obligations for the employer. In this brief webinar, we’ll explain how the Prime Choice Plan allows employers to convert taxable retirement payouts into a tax-free benefit designed to help employees pay for healthcare expenses in retirement. Attendees will learn how the strategy works, why it’s compliant and how it can improve retirement outcomes for employees while also helping employers reduce long-term payout costs and better manage retirement-related liabilities—without increasing overall benefit expenses.