According to MetLife’s latest research, nearly all workers and retirees (95%) say it’s important for retirees to have a source of guaranteed income they cannot outlive.
With the ongoing shift from defined benefit (DB) pension plans to defined contribution (DC) plans, employees are required to assume more responsibility for making sure their savings lasts throughout retirement. For some employees who are faced with financial uncertainty, they may need to delay their retirement; others are unsure of how to make their savings last. By adding an income annuity as a distribution option to your DC plan, your employees get access to solutions that can convert a portion of their savings into a source of guaranteed income that they will never outlive—empowering them to confidently retire on time.
