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American Benefits Council Statement for Senate Special Aging Committee Hearing 'The Retirement Challenge: Making Savings Last a Lifetime' (PDF)
American Benefits Council Link to more items from this source
[Opinion]
July 1, 2010
10 pages. Excerpt: While the Council believes that sufficient lifetime income to support retirees is a very important issue, we recognize that current policies regarding fiduciary responsibilities and administrative requirements discourage employers from providing access to lifetime income in defined contribution plans and current attitudes and beliefs of manyparticipants trigger rejection of lifetime income options when they are offered.

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