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DOL Releases Defined Contribution Plans from 'Safest Annuity Available' Standard
Deloitte via BenefitsLink 
Sept. 20, 2007
Excerpt: [T]he Pension Protection Act ('PPA') of 2006 (P.L. 109-280) directed DOL to amend its guidance to clarify the 'safest annuity available' rule does not apply to defined contribution plans. The DOL on September 12, 2007 issued interim final rules (72 FR 52004) to satisfy this mandate, as well as a proposed safe harbor for defined contribution plan fiduciaries to follow when selecting annuity providers and contracts (72 FR 52022).
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