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Treasury Proposes New Rules for Annuity Options in Retirement Plans
AccountingWEB.com Link to more items from this source
[Guidance Overview]
Feb. 14, 2012

The proposed rulings give clarification on the rules that apply when employees are given the option to use a single-sum 401(k) payout to obtain a low-cost annuity from their employer's defined benefit pension plan. A second ruling clarifies that employers can offer their employees the option to use 401(k) savings to purchase deferred annuities and still satisfy spousal protection rules with minimal administrative burdens.

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