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Long lives and lessons for plan sponsors

Published
  • August 31 2011, 11:19am EDT

Longer life expectancies and the individual responsibility for retirement savings are combining to challenge conventional thinking and to re-shape the relationships between employers and their older employees.

Individual retirement savings, primarily through 401(k) plans, are now being evaluated in terms of benefit adequacy and secure monthly income in retirement. Increasing life expectancies mean that workers must save enough to last for 20 to 30 years of retirement … if they retire at 65.

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