Prudential Newsroom: As plans increasingly shift to defined contribution, risk of lower retirement income rises

Those who have access to a retirement plan—particularly defined benefit plans—retire more securely, according to new research sponsored by Prudential. And as sponsors increasingly move toward defined contribution plans, the need for these types of retirement savings vehicles to deliver income and other features found in defined benefit plans grows. 

The findings of the latest National Retirement Risk Index, published by The Center for Retirement Research at Boston College, reveal households with access to a workplace retirement plan are more likely to maintain their standard of living in retirement than those with no plan at all. 



Prudential Newsroom: As plans increasingly shift to defined contribution, risk of lower retirement income rises