A title like this one was bound to happen; and I was tempted to publish it on April Fool’s Day-except that its really not a joke.
Where it comes from is the simple fact that any DC Lifetime Income Program
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202(b) actually does not make any statutory change to any of the Code’s or ERISA rules governing the distribution of a plan’s assets pursuant to divorce or separation orders. Instead, it instructs Treasury to amend its QLAC rules, which are…
Most of the commonly available individual annuities sold to consumers are not suitable for the purchase by plans as part of their DC Lifetime Income program without changes being made to the design, administration and compensation (it is also worthwhile…