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Wharton School Comment Letter to DOL on Lifetime Income Illustration in Pension Benefit Statements (PDF)
The Wharton School of The University of Pennsylvania
[Opinion] Aug. 8, 2013
"Well-crafted retirement benefit calculators can be a useful and convenient tool for participants seeking to determine roughly how much income they could generate from a given amount of retirement savings.... The DOL's calculator is a sensible first step on the path to building a more useful and more complete tool that could actually be used by employees deciding how much to save and what to draw down during retirement."
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