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Towers Watson Response to Request for Information Regarding Lifetime Income Options for Participants and Beneficiaries in Retirement Plans (PDF)
Towers Watson
[Opinion] May 7, 2010 7 pages. "Rather than mandating that plan sponsors disclose the income stream that can be provided from an account balance, Towers Watson supports testing these disclosures in a proof-of-concept experiment.The DOL and Treasury could seek a number of plan sponsors to serve as volunteers. Volunteers would test different assumption sets and methods, as well as different forms of presenting the information (possibly including replacement ratios and various draw-down solutions in addition to life annuities), and would receive protection from liability for their participation." MORE >> |
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