The Labor and Treasury departments are asking for public input about the use of annuities in defined-contribution plans, such as 401(k)s. Last month, the agencies said they are seeking information about the subject, including the advantages and disadvantages of distributing benefits as a lifetime stream of income and the type of information participants need when making decisions about their form of retirement income. Comments are due May 3. For more details, click here.
FED AGENCIES: Treasury, DOL seek input on annuities in 401(k)s
Mar 2, 2010 @ 12:01 am