04.02.25

Plan Sponsors Focus on Retirement With Lifetime Income

by: Amanda Umpierrez

A MetLife study found that 93% of plan sponsors say they recognize that retirees need a source of guaranteed income they cannot outlive, while 92% say the regression of pension plans has led to more dependence on defined contribution (DC) plans to provide retirement income. This sentiment has led a majority of plan sponsors to recognize that providing guaranteed income is one of the most importance financial decisions employers can make to protect employees’ retirement savings. A majority 56% said plan sponsors should reposition their DC plans as retirement income programs.

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