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Browsing Defined Contribution

Annuity Purchase Update – September 2021

Pension funding levels declined this past month due to a decrease in interest rates. As a result, annuity purchase costs increased for Annuity Plan 1 and 2.

DOL regulatory agenda

The recently released Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions out of the Office of Management and Budget details four significant regulatory initiatives from the DOL.