LABOR DEPARTMENT: Comment period ends for lifetime income options in retirement plans
The comment period ended yesterday for a Labor Department initiative focused on ensuring that retirement savings last until…
The comment period ended yesterday for a Labor Department initiative focused on ensuring that retirement savings last until death. The agency is exploring whether to propose regulations that enhance the use of lifetime income arrangements in retirement plans. The effort responds to concerns about the increasing pressure on workers to save for their own retirement through defined-contribution plans. For more information, click here.
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