Bates & Company, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
AFL-CIO Comment Letter to DOL on Lifetime Income Illustration in Pension Benefit Statements (PDF)
AFL-CIO [Opinion] Aug. 9, 2013
"The AFL-CIO strongly supports displaying a lifetime income stream derived from the participant's account balance on the benefit statement provided by an individual account plan.... [W]e believe the Department should require this information in the benefit statement.... The AFL-CIO urges the Department to limit the display to a single lifetime income stream illustration using only the current accrued balance, projected to normal retirement age for those participants who are younger.... Benefit illustrations based on future accruals that might or might not occur are unrelated to the purpose of the benefit statement and speculative given the high degree of uncertainty about future contributions."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |