How can employers enhance employees' preparedness for retirement?
The Institutional Retirement Income Council (IRIC) has recently released a new paper, "From Savings to Income: The Critical Role of Retirement Income Projections in DC Plans," in which it argues defined contribution (DC) plan sponsors should provide retirement income projections to plan participants, calling it an important element of retirement preparedness.
The paper highlights the necessity of transitioning the focus from total savings to periodic income projections for effective retirement planning. The paper also emphasizes the importance of DC plans in generating sustainable retirement income. It details how integrating income projections, retirement planning tools, and various retirement income products can enhance participants' preparedness for retirement.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
