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GAO Seeks More Guidance on Retirement Benefits That Become Unclaimed Property
HR Daily Advisor
Apr. 4, 2019
"[GAO] released a study recommending three ways the [IRS] and the [DOL] could clarify the handling of transfers of millions of dollars in unclaimed savings from employer retirement plans to states. While the study and recommendations had a narrow focus, they build on an emerging consensus among states and regulators about how to manage the retirement benefits of lost participants."
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