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Retirement in the new normal: Helping employees align expectations with reality

3 considerations plan sponsors should keep in mind about participants' motivations and timelines for retiring.

By Roberta Rafaloff | April 14, 2021 at 11:04 AM
man on road that forks left and right with arrows made of clouds (Photo: Shutterstock)

As the COVID-19 pandemic continues to loom large over all aspects of our society, it’s no surprise that plan sponsors are witnessing substantive changes in their employees’ plans for retirement. In fact, according to new MetLife research, as many as 19% of respondents stated that they are considering retirement delays, and 12% are considering retirement accelerations as a direct result of the pandemic.

Of course, after a year defined by heightened economic and social uncertainties, it’s certainly understandable that many employees are beginning to view the future in a new light. However, as plan sponsors work to account for these changes, MetLife’s data shows that they’re not nearly as dialed-in on employee sentiments as they might think.

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