Traditional pensions and other defined-benefit plans might not be coming back, but as employers rethink their benefits mix amid growing concerns about retirement security, many are looking with renewed interest to some form of retirement income offering.
It turns out that many of the features that made defined-benefit plans so appealing — particularly the guarantee of predictable income with no expiration date — are prized by workers dealing with a highly uncertain economic picture amid the fallout from the COVID-19 pandemic.
