"With respect to participant-directed individual account plans for which quarterly participant benefit statements are required ... the first 'lifetime income illustration' can be incorporated into any benefit statement up to the second quarter of 2022 (ending June 30, 2022).... For nonparticipant directed individual account plans for which participant benefit statements are required ... only once each calendar year, the first 'lifetime income illustration' should be included on the pension benefit statement for the first plan year ending on or after September 19, 2021."  MORE >>