IRIC has responded to the joint DOL/Treasury Request For Information (RFI) regarding lifetime income options for retirement plan participants. View the full response or view the Executive Summary
The RFI is soliciting public comments to determine what steps to take to enhance retirement security for workers in employer-sponsored retirement plans through lifetime annuities or other arrangements that provide a stream of income after retiring. A copy of the RFI can be found here... view
What is guiding IRIC's response to the DOL RFI? Listen to an exerpt from Martha Tejera, from the March 16, 2010
Dr. Jeffrey Brown
8/2009
A white paper outlining the rationale for encouraging automatic annuitization as the default distribution option, what a program might look like, and steps policymakers could take to encourage it... view
Senate Bill
This bill introduced in the Senate (by Bingaman Isakson and Kohl) which, if enacted, would require that plan sponsors provide participants with the amount of monthly income that an annuity would buy for the participant at retirement... view
Mark J. Warshawsky, PH.D.
2/2007, www.globalaging.org
Much of the commentary on the new pension reform law suggests that it will be deleterious to defined benefit plans. We describe the economic policy background... view