• DOL and Treasury Request Information on Lifetime Income Options for Retirement Plan Participants
  • February 24, 2010
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On February 2, 2010, the Department of Labor (DOL) and the Treasury Department jointly published a request for information (RFI) regarding lifetime income options in retirement plans and individual retirement accounts. The purpose of the RFI, which was issued pursuant to the regulatory agendas of both departments, is to solicit views, suggestions and comments from the public - including plan sponsors, service providers and financial intermediaries - regarding whether, and, if so, how, DOL and Treasury “could or should enhance retirement security of qualified plan participants and IRA owners by facilitating access to, and use of, lifetime income or other arrangements designed to provide a lifetime stream of income after retirement.”