DOL Puts Annuities in Association Retirement Plan Footnote

July 30, 2019 by Allison Bell

Employers that join association retirement plans could, theoretically, try to discriminate against employees who look as if they’ll live a long time.

But, in practice, federal officials say, lifespan-based discrimination might not be a big issue for multiple-employer association plans.

Officials at the Employee Benefits Security Administration (EBSA), an arm of the U.S. Department of Labor (DOL), raise, and dismiss, concerns about lifespan-based discrimination in their new final regulations for association retirement plans.

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Originally Posted at ThinkAdvisor on July 30, 2019 by Allison Bell.