Help your employees retire on time with lifetime income
With the ongoing shift from defined benefit (DB) pension plans to defined contribution (DC) plans, employees are required to take on more of the responsibility to ensure their savings lasts throughout retirement.
Fixed income annuities provide employees with a guaranteed and predictable layer of income to meet their financial needs in retirement.1 Employers can offer them as:
- A distribution option within a defined contribution (DC) plan
- A way of fulfilling various non-qualified executive benefit obligations, which can be a valuable executive retention tool for Supplemental Executive Retirement Plans (SERPs), Non-Qualified Deferred Compensation (NQDC) Plans and Executive Bonus Plans (Sec. 162)