Wednesday, February 03, 2010
Government wants input on DC plan annuity payouts
The federal government is looking for suggestions on how to encourage the use of annuity payouts in defined contribution plans... In a joint agency RFI published in today's Federal Register, the Treasury and Labor departments expressed concern that defined contribution plans generally make only lump-sum payments available to plan retirees.
The agencies specifically want to know whether some form of “lifetime income distribution” should be required in all defined contribution plans — and whether the annuity payouts should be the plan's required default distribution option...
P&I: Government wants input on DC plan annuity payouts
The agencies specifically want to know whether some form of “lifetime income distribution” should be required in all defined contribution plans — and whether the annuity payouts should be the plan's required default distribution option...
P&I: Government wants input on DC plan annuity payouts
Permalink posted by markw @ 7:16 AM 
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