Tag: lifetime income default option
![Coins and gears](https://crr.bc.edu/wp-content/uploads/2017/06/Coins-and-gears.jpeg)
United Technologies has made lifetime income the default option within its target date fund. United Technologies Corporation is the first major company to offer a secure lifetime income default option within their defined contribution plan. In 2010, UTC closed its cash balance defined benefit (DB) plan to new hires (after closing a traditional DB plan…