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State Street Global Investors Comment Letter to DOL on Lifetime Income Illustration in Pension Benefit Statements (PDF)
State Street Global Advisors
[Opinion] Aug. 9, 2013
"[W]hile we support the concept of helping participants gain perspective on their future monthly income potential based on a current balance and an end-state balance, we believe the proposed approach to monthly income projections is just one step and the participant messaging should be carefully crafted to explain that there is room for error based on the uncertainties that a relatively long time horizon for these projections may entail."
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