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Creating incentives for lifetime income solutions - Employee Benefit News
Only 12 percent of private sector workers have access to traditional pensions, which, at one time, was the cornerstone of company retirement plans. “America’s retirement system is at a pivotal turning point, and a number of changes are needed to help more people prepare for life after work.” TIAA’s new Policy Roadmap is calling on employers and policymakers to create incentives for lifetime income solutions. Jimmy Nesbitt, writing for Employee Benefit News, reports on how to close the gaps in the retirement system. Read Mr. Nesbitt here…
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