Phyllis Borzi

Phyllis C. Borzi is the assistant secretary of labor for employee benefits security.

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Phyllis Borzi's Latest Posts

#GetCovered During Open Enrollment!

Filed in DOL by on November 15, 2014 0 Comments
#GetCovered During Open Enrollment!

November doesn’t just bring colder weather; it also signals the start of open enrollment for health care. Open enrollment is the period each year when you can enroll in health coverage through your employer, a spouse’s employer, or the Health Insurance Marketplace. If you already have health coverage, you can switch to a new plan […]

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Increase Breast Cancer Awareness in 5 Steps

Filed in DOL, Women by on October 2, 2014 0 Comments
Increase Breast Cancer Awareness in 5 Steps

You probably know that October is Breast Cancer Awareness Month. Every October there are nationwide campaigns to raise awareness of the importance of early detection and treatment and to raise funds to find a cure. While we know there is still a lot to do when it comes to beating breast cancer, what a lot […]

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ESOP 101: 4 Tips for Business Owners

Filed in Retirement by on September 24, 2014 0 Comments
ESOP 101: 4 Tips for Business Owners

Roughly 6,800 U.S. companies have an Employee Stock Ownership Plan, or ESOP, a type of retirement plan in which a company’s workforce owns stock in the company. ESOPs are governed by the Employee Retirement Income Security Act, which was passed 40 years ago. ESOPs can buy or sell stock – but only at fair market […]

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Do the Math – and Save

Filed in DOL, Retirement by on September 16, 2014 0 Comments
Do the Math – and Save

Many of us are living longer and will have healthier and more active years in retirement. That makes saving for retirement even more important. Don’t let the math put you off. EBSA’s Savings Fitness online worksheets make it easy: Enter your information, and the calculations are done for you. In recognition of National Hispanic Heritage […]

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What Changed Retirement Forever

Filed in DOL, Retirement by on September 2, 2014 1 Comment
What Changed Retirement Forever

You’ve worked for the same company your whole life. Tomorrow is your last day, and you’ve already packed up your desk. Your colleagues are setting up cupcakes in the break room when you get a call from Human Resources with bad news: You’ve been fired. And because you weren’t set to retire until tomorrow, you’ll […]

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Timing is Everything

Filed in DOL, Retirement by on August 13, 2014 0 Comments
Timing is Everything

Ever missed a great opportunity because you were late? Or paid more because you made your plans at the last minute? Timing is everything – particularly when you are preparing to retire. As you get closer to retirement, there are some key decisions to make to ensure that your hard work and savings pay off. […]

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This July, Declare Your Financial Independence!

Filed in DOL, Retirement by on July 1, 2014 0 Comments
This July, Declare Your Financial Independence!

What does financial independence mean to you? For some, it means getting on top of student loans or paying off credit card debt. For others, it means finding the money for a new car, a home or retirement account. And some may want to do all of these things and more, but aren’t sure where […]

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40 and Counting

Filed in Retirement by on June 23, 2014 2 Comments
40 and Counting

In February 1852, blacksmiths Henry and Clement Studebaker opened a shop in South Bend, Indiana. The brothers’ business gradually expanded to include more of their family and more products. The company manufactured wagons and later automobiles, debuting their first model in 1902. After decades of success the company made history again – this time for […]

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4 Tips for Managing Major Life Milestones

Filed in DOL, Retirement by on June 9, 2014 0 Comments
4 Tips for Managing Major Life Milestones

This time of year many people celebrate major life milestones, like graduations, new jobs and weddings. If you are celebrating one of these milestones, congratulations! After you’ve swept up the confetti, however, you will also need to make some important financial decisions. At the Employee Benefits Security Administration, we want you to be prepared, so here […]

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Small Businesses – The Key to Employees’ Security

Filed in DOL, Retirement by on May 16, 2014 2 Comments
Small Businesses – The Key to Employees’ Security

Our nation’s small businesses are the backbone of our economy. There are 5.6 million businesses with fewer than 100 employees that employ 39 million workers. Employers play a key role in making financial security possible for their employees. Their role includes much more than cutting a paycheck. By sponsoring health and retirement plans, employers give […]

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