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Central Pension Fund of the IUOE
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| SECURE Act Boosts Interest in Guaranteed Lifetime Income Among Plan Sponsors TIAA  May 26, 2021 "Nearly half (45 percent) of all plan sponsors, and 55 percent of 403b providers (55 percent), say the passage of the [SECURE Act] increased their interest in offering in-plan guaranteed lifetime income options, but ... many are still unfamiliar with specific provisions of the bill that can improve access to in-plan lifetime income solutions, including safe harbor protections (56 percent), annual lifetime income disclosure requirements (54 percent), and the provision that allows for the portability of annuities for participants (53 percent)." |
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