AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AARP Comment Letter to DOL on Lifetime Income Illustration in Pension Benefit Statements (PDF)
AARP [Opinion] Aug. 9, 2013
"We do not anticipate that requiring these illustrations and the disclosures that must accompany them will impose anything more than a nominal cost to employers and plan administrators.... We strongly believe that including both current and projected balances would be most useful, especially for younger savers.... [F]or a married saver an income illustration showing the surviving spouse's benefit from a joint and survivor annuity would also be an important feature... Adding this [to] the income illustration need not be more burdensome for the employer or the plan administrator if they are allowed to base the employee's marital status on the worker's federal income tax filing status."
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