Insights | 12.17.21
Retirement Income Solutions Have Slowly Progressed in 2021
Transforming defined contribution (DC) plans to incorporate aspects of defined benefit plans, including by adding lifetime income options to DC plans, has proved to be an epic challenge for the retirement industry. Experts have pointed out that the retirement industry is also being highly affected by unexpected and early retirements, the aging American workforce and showing benefits will be reduced by 2034, all as plan sponsors grapple with how to get workers not only to but through retirement.
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