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|QLACs 'Pension-ize' Defined Contribution Plans|
HR Daily Advisor
Feb. 13, 2015
"Qualifying lifetime annuity contracts in July 2014 became another option for defined contribution plan sponsors to offer to assist with retirement income security when the U.S. Treasury Department and IRS issued final regulations allowing them. Now, plan sponsors and participants near retirement age face some confusing choices when considering whether QLACs are right for their plans or retirement savings strategy."
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