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SIFMA Comment Letter to DOL on Proposals for Lifetime Income Illustrations in Pension Benefit Statements (PDF)
Securities Industry and Financial Markets Association [SIFMA]
[Opinion] Aug. 3, 2013
"We believe that regulatory efforts to encourage additional education should promote a range of approaches to help participants understand the lifetime income that is generated from their defined contribution account balance. While individualized benefit statement illustrations are one method, they are not the only way to engage participants at different points in their careers. Relying on one method may lead to a decline in the breadth and quality of educational tools now available to participants[.]"
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