Americans want employers to offer annuities in benefit plans to help with retirement income, according to a survey. Employers who sponsor retirement plans are beginning to explore offering annuities to employees, a retirement expert said.
The trend comes at a time when employees say they want their employers to help them convert 401(k) plan assets into a steady retirement paycheck.
Some companies started offering annuities in their retirement plans soon after the Pension Protection Act in 2006, while many other companies held off until stronger legal protections were in place. The law introduced changes to encourage the use by employers of […]
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