Most people will need to have 60-80% of their pre-retirement income in retirement. The Defined Benefit, also referred to as the Pension, is the entry point into the Converge Retirement Plan. The advantage of a pension over other retirement options is the lifetime income stream it provides toward the target income. This dependable monthly income provided by the pension allows our current retirees a peace of mind that they would not have with other forms of retirement investments because you can count on the monthly income to help pay monthly bills. Because of advances in medical technology, the population is experiencing the blessing of increased life spans. As you consider your retirement plan options, please think about how the lifetime income of a pension compares with the risk of outliving your money without a pension.