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Next - The future of defined contribution Issue. 8
As employers continue to navigate the great resignation and subsequent war for talent, more and more are looking to their benefits packages, especially their defined contribution plans, as a strategic tool to help attract and retain talent. In doing so, there is increased interest in plan design innovation and a focus on participant outcomes. One area where we see significant potential for innovation and differentiation, fueled by growing attention from Washington D.C., is retirement plans incorporating guaranteed lifetime income.
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