As companies employ more people in their operations around the world, they must find ways to protect the resulting investments: both their own investments in global human capital and their employees’ investments in their own financial security.
In the last dozen years, inflation and continual currency devaluations have provided some painful reminders of the need for that protection. Inflation and currency devaluations have taken such a toll in some countries that it is not uncommon for workers to see their retirement savings, accumulated over a quarter century or so, reduced to a fraction of their former values.
Buck’s solution to this challenge was to develop an innovative plan designed to protect against currency devaluation. Global Savings PlanSM provides that protection by maintaining an offshore master trust used to hold employees’ investments in the plan’s U.S.-based investment options.
In addition, the plan’s economies of scale and simplified plan administration make it cost effective. Its portability feature allows employees transferring between countries to take their account balances with them. And, finally, it complies with local laws, tax and currency regulations.
We offer to:
- Protect clients’ investments in their human capital from currency uncertainty and
- Protect their employees’ investments in their retirement from the same
- Provide economic and simplified administration of a worldwide retirement savings plan
- Facilitate the portability of employees’ retirement account balances
Contact us
GlobalConsulting@buckconsultants.com.