
Thoughts on DOL’s coming lifetime income disclosure illustration requirement
In 2022 defined contribution plan sponsors will have to begin providing participants with lifetime income illustrations.
In 2022 defined contribution plan sponsors will have to begin providing participants with lifetime income illustrations.
On August 18, 2020, the Department of Labor released an “interim final rule with request for comments” on lifetime income illustrations, required by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act).