Compass
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Guest Article
(From the August 16, 2010 issue of Deloitte's Washington Bulletin, a periodic update of legal and regulatory developments relating to Employee Benefits.)
On September 14 - and if necessary September 15 - the Departments of Labor and Treasury will hold a joint meeting to receive input from interested persons on five specific areas of interest relating to lifetime income options in retirement plans.
In February 2010, the Departments of Labor and Treasury issued a joint "request for information," identifying broad areas of interest regarding lifetime income options as they might impact qualified retirement plans, ERISA fiduciary duties, participant education, etc. The Departments reported that they received over 780 comments in response to their request.
After reviewing the comments, the Departments distilled five specific areas in which they would like to receive further input. In a notice issued on August 10, they announced that a joint hearing will be held on September 14, and, if necessary, September 15, in order to hear testimony related to:
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A news release on the hearing was also released. Persons interested in presenting testimony at the hearing must submit a request by 3:30 pm on August 16, preferably by email (e-ORI@dol.gov).
The information in this Washington Bulletin is general in nature only and not intended to provide advice or guidance for specific situations.
If you have any questions or need additional information about articles appearing in this or previous versions of Washington Bulletin, please contact: Robert Davis 202.879.3094, Elizabeth Drigotas 202.879.4985, Mary Jones 202.378.5067, Stephen LaGarde 202.879-5608, Bart Massey 202.220.2104, Tom Pevarnik 202.879.5314, Sandra Rolitsky 202.220.2025, Deborah Walker 202.879.4955. Copyright 2010, Deloitte. |
BenefitsLink is an independent national employee benefits information provider, not formally affiliated with the firms and companies who kindly provide much of the content and advertisements published on this Web site, including the article shown above. |