Prudential Retirement on Monday said it is helping its clients employees pay down student loan debt while also building a retirement nest egg, rather than prioritizing one goal over the other.
Prudential Retirement Insurance and Annuity Co. has teamed with Student Loan Genius to enable employers to reward employees for paying off their student loan debt, the Newark, New Jersey-based retirement plan providers said in a statement.
The partnership allows Prudential Retirements employer clients to make a pretax contribution to workers retirement accounts when that worker makes a student loan payment processed through Austin, Texas-based Student Loan Genius, according to the statement.
The pretax contribution can be paid as…
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