DOL Lets Pension Risk Transfer Rules Stand – For Now
July 3, 2024 by Kerry Pechter
The Department of Labor has decided not to shake up the regulatory foundation of the “pension risk transfer” (PRT) business—the replacement of defined benefit pensions by group annuities issued by life insurers—by amending its 30-year-old Interpretative Bulletin 95-1.
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Originally Posted at Retirement Income Journal on June 26, 2024 by Kerry Pechter.
Categories: Industry Articles