"[L]ifetime income illustrations and projections should be mandated as part of the participant statements.... [W]e recognize that the projection of a future stream of income based on a defined contribution account balance is inherently uncertain. In our view, it would be a disservice to participants if this uncertainty were not explained.... [T]he regulation should mandate a set of assumptions in order to obtain consistency.... We submit that the information should be included in quarterly benefit statements provided to the participants rather than sent as a separate notice."

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