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American Academy of Actuaries Letter to IRS on Qualified Longevity Annuity Contracts in Defined Benefit Plans (PDF)
Pension Practice Council of the American Academy of ActuariesLink to more items from this source
Jan. 14, 2015

"If defined benefit plans could directly provide QLACs, the lump sum option could be structured to provide a partial lump sum equal to the present value of all payments to be made before a certain age ... Many employers sponsor both a defined benefit plan and a defined contribution plan. Revenue Ruling 2012-4 allows such employers to accept rollovers from the defined contribution plan the defined benefit plan for the purpose of providing lifetime income, but does not currently provide that the lifetime income could be provided as a QLAC. Allowing the defined benefit plan to provide a QLAC in consideration of the rollover would enable more plan participants to have access to a QLAC."

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