Evolving Retirement Model Study

SOLUTIONS : Collapsed
SUPPORT : Collapsed
ABOUT US : Collapsed

Retirement & Income Solutions

MetLife’s Evolving Retirement Model Study

In this study:

  • How many workers never expect to retire?
  • Why are some workers delaying retirement?
  • What impact does this have on younger workers?
  • Who is responsible for retirement security?
Historically, the question of when to retire was the most important career decision for an older worker. Today, however, the bigger question is not when they will retire but if they can.

Many developments have challenged the assumption that 65 is the standard retirement age. With many older workers staying in the workforce longer, the traditional model of retirement — which assumed a fixed career end-date, employer-paid benefits, and clear boundaries between work and retirement — has been replaced by a new and evolving model.

Want more insights from the Evolving Retirement Model Study?

Delayed retirement a growing concern

The impact of delayed retirement has become a growing concern compared to a MetLife study a decade ago. Employers wish more of their workers would transition into retirement. And, some are offering late-career pathways to get them there.

Employers' wishes regarding timing of employee retirement


We wish older workers would delay retirement to allow more time for knowledge transfer to younger workers.


We wish more of our older workers would retire to allow for advancement opportunities for younger workers.

Demand for guaranteed retirement income

Nearly all employers recognize the importance of guaranteed retirement income, especially in light of the fact that many workers are delaying retirement because they feel financially trapped. To see more details on why it’s important to add a guaranteed income option to your retirement plan watch our short video.

Employer belief about retirement income security

Decline of traditional defined benefit (DB) pension plans results in greater reliance on defined contribution (DC) plans for retirement income
Retirees need a source of guaranteed income they cannot outlive
Increasing life expectancy is negatively impacting workers' retirement security
Workers delaying retirement because they feel financially trapped

Nearly all workers and retirees say it is important for retirees to have a source of guaranteed income they cannot outlive. It would bring them feelings of relief, excitement, hope, joy, and energy.

Did you know?

95% of workers and retirees say it’s important for retirees to have a source of guaranteed retirement income they cannot outlive


Today’s workplace landscape has evolved from the traditional notions of retirement. With this new retirement model come several considerations to meet the needs of an aging workforce, as well as the generations of workers who follow behind them.

Want more insights from the Evolving Retirement Model Study?

download now


View key findings from the Evolving Retirement Model Study