Treasury Department and IRS Release Initial Lifetime Income Guidance; Additional Guidance Expected Shortly

By on February 27, 2012

by Joseph S. Adams, Stephen Pavlick and David Diaz

Two years after the Internal Revenue Service (IRS) and U.S. Department of Labor (DOL) jointly issued a high-profile Request for Information regarding how defined contribution plans can better provide lifetime income, the IRS and Department of the Treasury have issued some initial guidance.  DOL guidance, expected to further underscore the importance of the issue, is anticipated “in the near future.”

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