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Defined Benefit Specialist II or III Nova 401(k) Associates
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Retirement Plan Sponsors Must Soon Provide Annual Lifetime Income Illustrations
Nexsen Pruet 
[Guidance Overview] Aug. 27, 2020 "The linchpin of the new rules is the establishment of basic assumptions that plan administrators may use to calculate the monthly payment illustrations of participants' account balances as SLAs and QJSAs. If the [specified] standard set of assumptions are used for the annual illustrations, the plan sponsors are protected from claims from participants related to the illustrations." MORE >> |
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