Require “Retirement Paycheck” Option
May 11, 2009
Current situation
Workers face a growing gap between their retirement income needs and what they receive from Social Security and traditional pensions.
Retirement challenge
90% of plan participants are interested in embedded options to provide protected and insured lifetime income.
Bob Reynolds’ Retirement Reform Agenda
Require that plans offer a “retirement paycheck” — built directly into 401(k) plans — through an assured lifetime income option via annuities or other insured, non-annuity income streams.
This is one of the proposed retirement savings reforms proposed by Bob Reynolds, President and CEO of Putnam Investments. For the full list, read the blogs in the Workplace Savings 3.0 category and see the document embedded below.
Category: Workplace Savings 3.0
