EBSA, Treasury to Hold Lifetime Income Hearing

The U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) and the Department of the Treasury plan to hold a joint public hearing on September 14 and, if necessary, on September 15, to hear testimony on several specific issues relating to lifetime income and other arrangements that provide a stream of income after retirement for workers in employer-sponsored retirement plans. The hearings will held at DOL’s headquarters in Washington, D.C.

EBSA and Treasury say the hearings will allow them to gather more information on “discrete technical issues and proposals” that were raised in the nearly 780 public comments the two departments received under the request for information (ROI) they issued, including lifetime income options within 401(k) and other employer-sponsored retirement plans.