Senate to Hold Retirement Income Hearings

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.