The number of employers planning to offer annuities to participants in their 401(k) plans is expected to grow as companies look for ways to provide workers with a steady distribution of benefits during retirement, according to a survey by Watson Wyatt, a leading global consulting firm. This finding comes on the heels of an announcement by the Department of Labor in early December that it will explore steps it can take to encourage employers to offer lifetime annuities or similar lifetime distribution options in their defined contribution (DC) plans.[December 17, 2009]
As companies prepare for the economic recovery, many are poised to enter 2010 with renewed interest in improving their HR technology systems, processes and organizational structures, according to experts at Watson Wyatt, a leading global consulting firm.[December 15, 2009]
