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Retirement Income Overview

Give your employees the confidence and direction to retire on time

With the ongoing shift from defined benefit (DB) pensions plans to defined contribution (DC) plans, employees are required to take on more of the responsibility to ensure their savings last throughout retirement, regardless of market conditions. Help your employees prepare for the long-term during this uncertain time.

Lifetime income solutions for your defined contribution plan

Fixed income annuities provide employees with a guaranteed and predictable layer of income to meet their financial needs in retirement.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:
Valuable
Guaranteed income solutions are tools that help employees confidently retire on time.1

Flexible
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.

Simple
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.

Supportive
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 have a guaranteed stream 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
MetLife’s Evolving Retirement Model Study

Today’s workplace landscape has evolved from the traditional notions of retirement. With this new retirement model come several considerations to meet the needs of an aging workforce, as well as the generations of workers who follow behind them.

1 All guarantees are subject to the financial strength and claims-paying ability of Metropolitan Life Insurance Company or Metropolitan Tower Life Insurance Company.

2 Group annuity contracts can be issued by Metropolitan Life Insurance Company (MLIC), 200 Park Ave. NY, NY 10166 or Metropolitan Tower Life Insurance Company (MTL), 5601 South 59th St., Lincoln, NE 68516, two wholly owned subsidiaries of MetLife, Inc. (“MetLife”). Like most group annuity contracts, MetLife group annuities contain certain limitations, exclusions and terms for keeping them in force. Ask a MetLife representative for costs and complete details.

3 MetLife National Accounts and Regional Market Account Management Satisfaction surveys. Based on responses from public sector customers who participated and responded to the survey, MetLife family of companies, 2016.

4 MetLife Internal Book of Business, 1Q MetLife family of companies, 2017.

5 MetLife Internal Book of Business, MetLife family of companies, 2018.

Any discussion of taxes is for general informational purposes only and does not purport to be complete or cover every situation. MetLife, its agents and representatives may not give legal, tax or accounting advice and this document should not be construed as such. You should confer with your qualified legal, tax and accounting advisors as appropriate. MetLife annuity products may not be available in all states. Contact your MetLife representative for more information.

Metropolitan Life Insurance Company (MLIC), 200 Park Ave. NY, NY 10166

Metropolitan Tower Life Insurance Company (MTL), 5601 South 59th St., Lincoln, NE 68516