Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

EBSA, Treasury to Hold Lifetime Income Hearing

Your article was successfully shared with the contacts you provided.

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.

EBSA and Treasury say that witnesses at the hearing will address issues relating to:

  1. l certain specific participant concerns affecting the choice of lifetime income relative to other options;
  2. l information to help participants make choices on the management and spend down of retirement benefits;
  3. l disclosure of account balances as monthly income streams;
  4. l the fiduciary safe harbor for selection of lifetime income issuers or products; and
  5. l alternative designs of in-plan and distribution lifetime income options.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.