DOL considers lifetime income illustration rule

05/8/2013 | AdvisorOne

The Department of Labor is seeking input on proposed rulemaking related to illustrations of lifetime income for defined contribution plan participants. "We are looking for the best ideas on how to show people what their lump-sum retirement savings look like when they are spread out over all the years of retirement," said Phyllis Borzi of the DOL's Employee Benefits Security Administration.

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