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DOL Regs for Lifetime Income Disclosures and IRS Updated Model Special Tax Notices (PDF)
Sherman & Howard L.L.C.
[Guidance Overview] Sept. 8, 2020 "The regulations require the plan to assume a rate of interest equal to the 10-year constant maturity Treasury securities yield rate for the first business day of the last month of the statement period, but the DOL is soliciting comments on whether this assumption is the best rate to use.... The plan does not need to include an assumed adjustment to the required lifetime monthly payment illustrations for inflation; however, the DOL has solicited comments regarding this assumption[.]" MORE >> |
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