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Although they don’t go quite as far as initially mentioning the ever-controversial word “annuity,” retirement trade organizations say they believe the future of the defined contribution plan will have to include more options for guaranteed lifetime income.

A new report from the Insured Retirement Institute echoes the sentiment that using guaranteed lifetime income options as part of the in-plan offerings will indeed be a major push in the future – one even endorsed by the Obama administration in 2012.

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