Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
ARPA Webcasts

Featured Jobs

Defined Benefit Plan Administrator

Pension Investors Corp of Orlando Inc
(Telecommute / Altamonte Springs FL)

Pension Investors Corp of Orlando Inc logo

Retirement Plan Administrator

My Benefits, LLC
(Telecommute / Daphne AL / Atlantic Beach FL)

My Benefits, LLC logo

401(k) Plan Administrator

Pension Investors Corp
(Telecommute / Hollywood FL)

Pension Investors Corp logo

401(k) Retirement Plan Administrator

Heritage Pension Advisors, Inc.
(Telecommute / Commack NY)

Heritage Pension Advisors, Inc. logo

Benefits Associate

Littler Mendelson, P.C.
(Philadelphia PA / Los Angeles CA)

Littler Mendelson, P.C. logo

Implementation Specialist

Ubiquity Retirement + Savings
(Telecommute / San Francisco CA)

Ubiquity Retirement + Savings logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

By Date   |   By Company Name

View More Press Releases by Insured Retirement Institute [IRI]

Press release:

IRI Praises Latest Treasury Effort on Lifetime Income

Issued by: Insured Retirement Institute [IRI]

Date: Sept. 13, 2016

New Rule to Allow Partial Annuitization of Pension Plan Benefits

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released the following statement from IRI President and CEO Cathy Weatherford after the Treasury Department issued a final rule to allow pension plan participants to receive a portion of their benefits in the form of an annuity.  

“Having access to a steady stream of lifetime income throughout retirement will help Americans ensure they will not outlive their savings — enhancing financial security for retired Americans. The Treasury Department has long understood the importance of lifetime income and has taken great effort over the years to help increase access to lifetime income strategies. The finalization of this rule is just the most recent step as part of their lifetime income initiative.

“This rule will provide pension plan participants with more flexibility when given the option of a lump sum or an annuity. It removes the all-or-nothing choice that these workers must make when given the option, and in doing so, it will hopefully encourage more Americans to take their benefit, at least in part, in the form of a lifetime income stream. Given the importance of lifetime income in helping Americans achieve a financially secure retirement, advancing this partial annuitization rule has been a part of our retirement security policy agenda. We applaud the Treasury Department for advancing this rule, and we thank Mark Iwry for his leadership and determination to finalize this important rule and his ongoing commitment to making lifetime income more readily available to Americans.”

Mark Iwry is Senior Advisor to the Secretary of the Treasury and is the Deputy Assistant Secretary for Retirement and Health Policy for the U.S. Department of Treasury.

Click here to view the final rule.

Click here to access the IRI Retirement Security Policy Agenda 2016.

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association for the retirement income industry. IRI proudly leads a national consumer coalition of 40 organizations, and is the only association that represents the entire supply chain of insured retirement strategies. IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement. Learn more at


View More Press Releases by Insured Retirement Institute [IRI]

This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021, Inc.