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AFSCME Comment Letter to DOL on Lifetime Income Illustration in Pension Benefit Statements (PDF)
American Federation of State, County and Municipal Employees [AFSCME]
[Opinion] Aug. 9, 2013
"We believe it is essential for plan participants to understand the approximate level of lifetime income that would be provided in retirement based on their current account balance. It is also important that this information on a mandatory basis. AFSCME does not believe it is appropriate for benefit statements to anticipate future contributions to one's plan."
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