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The Principal Financial Group Comment Letter to DOL on Lifetime Income Illustration in Pension Benefit Statements (PDF)
The Principal Financial Group
[Opinion] Aug. 7, 2013
"We believe that any regulations around these illustrations must first do no harm. Requiring formats or methodologies that are highly complicated or inflexible, we believe, would greatly hamper the use of illustrations and undermine the primary objective which is to give participants a realistic view of how well their current savings would support their lifestyle in retirement."
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