SECURING RETIREMENT OUTCOMES
CORPORATE RETIREMENT PLANS - WHAT'S THE POINT?
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The financial crisis has made clear the unintended consequences of a wholesale shift from Defined Benefit (DB) to Defined Contribution (DC) retirement programs. Many employers have adopted a hands-off approach to managing their DC plans and have placed excessive focus on cost reduction. Consequently the value of these programs in attracting, engaging and retaining employees has been threatened. Mercer believes that securing retirement outcomes is a mutually beneficial goal for the employer and the employee alike, and that the employer can play a key role in facilitating this. In this Mercer Point of View we examine the need for employers to take a broader view of managing their retirement programs and propose a strategic framework for proactively helping employees achieve favorable retirement outcomes.