DOL Issues Initial Guidance Describing Proposed Lifetime Retirement Income Notices

By on July 9, 2013

by Joseph S. Adams, Anne S. Becker, Kary Crassweller and Stephen Pavlick, PC

New guidance issued by the U.S. Department of Labor (DOL) aims to help participants and beneficiaries with the “decumulation” phase of retirement planning by requiring sponsors to provide illustrations of lifetime retirement income.

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