MetLife Retirement & Income Solutions
Many developments have challenged the assumption that 65 is the standard retirement age. With many older workers staying in the workforce longer, the traditional model of retirement — which assumed a fixed career end-date, employer-paid benefits, and clear boundaries between work and retirement — has been replaced by a new and evolving model.
The impact of delayed retirement has become a growing concern compared to a MetLife study a decade ago. Employers wish more of their workers would transition into retirement. And, some are offering late-career pathways to get them there.
Nearly all employers recognize the importance of guaranteed retirement income, especially in light of the fact that many workers are delaying retirement because they feel financially trapped. To see more details on why it’s important to add a guaranteed income option to your retirement plan watch our short video.
Nearly all workers and retirees say it is important for retirees to have a source of guaranteed income they cannot outlive. It would bring them feelings of relief, excitement, hope, joy, and energy.
95% of workers and retirees say it’s important for retirees to have a source of guaranteed retirement income they cannot outlive
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.