4 pages. "While the Council's companies strongly believe disclosure and education are the first steps toward appropriate use of lifetime income products, such disclosure should be encouraged, not mandated. Many questions remain unanswered with respect to providing additional information to participants regarding what a current or hypothetical account balance may translate into in terms of dollars and cents at some future point in time if distributed in the form of a lifetime stream of income. The range of views about the appropriate assumptions to be used in translating benefits into different forms and the best methodologies for evaluating participant responses and behavior create an extremely challenging environment for employers trying to provide meaningful retirement benefits to their employees."  MORE >>