Senate to Hold Retirement Income Hearings

Hearings come on heels of Labor Department survey on in-plan annuities

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The Senate Special Committee on Aging will hold a hearing this Wednesday, June 16, on the issue of retirement and lifetime income. The announcement comes amid an increased focus by legislators in the wake of the economic crisis to help secure lifetime income for retirees. President Obama mentioned annuities as a possible source of lifetime income in his State of the Union, and the Labor Department recently released its request for information (RFI) on in-plan annuities.

The Committee will hold a hearing on June 16, 2010 at 2:00 pm in Dirksen 562. The title of the hearing is "The Retirement Challenge: Making Savings Last a Lifetime."

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