FED AGENCIES: Treasury, DOL seek input on annuities in 401(k)s

Mar 2, 2010 @ 12:01 am

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.


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