Two Cheers for DOL’s Lifetime Income Disclosure

August 26, 2020 by Kerry Pechter

The Department of Labor has issued a 112-page “interim final rule”—still subject to amendment in response to public comment, but final if not amended—that implements legislation requiring defined contribution plans to include “lifetime income illustrations” in an annual plan benefit statement.

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Originally Posted at Retirement Income Journal on August 20, 2020 by Kerry Pechter.