Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income

The majority of employees would welcome retirement income options within employer-sponsored defined contribution (DC) plans, according to a study from the Alliance for Lifetime Income’s Retirement Income Institute.

The study found many employees prefer to have a mix of investments and lifetime income over either traditional pensions or investments alone. Nearly twice as many study respondents prefer a plan that offers a mix (49.5%) to a system that uses only investments (26.5%) or only a pension (24%) to provide income in retirement.

The study found pension-only retirement plans are most popular among participants with less formal education, participants with lower retirement […]

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