title: Helping DC Plan Participants Hedge Longevity Risk.
abstract: To help retirees turn savings into a steady, permanent income stream they won't outlive, the U.S. Treasury Department has made it easier for defined contribution plans to offer qualifying longevity annuity contracts (QLACs). This article explains the features of QLACs and why both employees and employers are finding this type of insurance an attractive option, as it protects people against their greatest risk in retirement--longevity. The author provides five steps a plan sponsor needs to take to add a QLAC.
authors.forename: Roberta
authors.initials: R
authors.lastname: Rafaloff
mesh_terms: D007449:Investments / Q000458:organization & administration*; D010415:Pensions; D012179:Retirement / Q000191:economics*; D018570:Risk Assessment