CIEBA Submits Comments to Request for Information on Lifetime Income in Retirement Plans

By Staff Writers
Published: April 30, 2010

On April 30, 2010, the Committee on Employee Benefit Assets (CIEBA), AFP's voice on employer sponsored retirement plans, submitted its response to a joint Request for Information (ROI) from the Departments of Labor and Treasury on Lifetime Income Options in Retirement Plans.

A group of plan sponsors with practical experience running Defined Benefit and Defined Contribution plans to address how current practices can be improved to provide lifetime income for participants as more companies move to Defined Contribution plans.

The document addresses present constraints that prevent companies from offering a wider-array of options to provide lifetime income for participants, including legal constraints, costs for both the plan and participants, and participant knowledge and behavioral trends.

To view the document, click here.

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CIEBA Submits Comments to Request for Information on Lifetime Income in Retirement Plans

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