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Funding Solutions

Retirement Income Overview

Offering an income annuity is a simple way to complete your defined contribution plan and empower your employees to retire confidently knowing they will never outlive their savings.1,2

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)

Benefits for plan sponsors

Benefits of offering lifetime income options:
Guaranteed income solutions are tools that help employees confidently retire on time. 

Partial distributions allow remaining assets to stay in the plan, providing liquidity to complement guaranteed income needs.  Employees can choose a variety of options, including providing benefits for loved ones after death.

Seamless integration for easy implementation, no portability concerns, no expensive or timely build with your recordkeeper, and institutional pricing at no additional cost to you.

Award-winning employee educational program and access to superior customer service.

Solutions for the public sector

Whether you’re a government agency or a nonprofit organization, we can help ensure your employees don’t run out of income in retirement.
  • 100% of our public sector customers find us easy to do business with3
  • Approximately 3,000 public sector organizations served across the country4        
  • 50% of the state governments across the U.S. offer our group benefits5
MetLifes 17th

This year’s study looks at how employers can help employees thrive in work and in life.

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