"Congress has considered this issue of lifetime income in the past. The fact that legislation has been proposed suggests that Congress believes that the Department does not have the authority to regulate on this topic without Congressional mandate.... [We] encourage delaying this requirement until authorized by legislation.... Any mandate by the Department also will result in increased costs that will in many cases be passed along to participants -- further depleting the funds that will be available to them for retirement. Even if the employer picks up the cost, there will likely be an impact to employees because the total dollars allocated for benefits is generally limited."

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