Defined contribution (DC) plan sponsors have a “clearer path” to offer in-plan guaranteed retirement income, thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, according to a new report from PGIM.
The report said that with the SECURE Act including a provision that will require a lifetime income disclosure on participant statements by the end of this year, “we should see projected retirement income become a standard metric for participants in DC plans in the future.”
The SECURE Act comes with some important implications, according to the report, including a greater ability to protect workers against longevity and […]
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