August 20th, 2020
2:00 PM - 2:30 PM ET
On Tuesday, August 18, 2020, the DOL published an interim final regulation (here and here) detailing how plan fiduciaries can satisfy the SECURE Act’s requirement that individual account plans add a “lifetime income disclosure” to at least one pension benefit statement furnished to participants during a 12-month period.
In this program, Groom attorneys will outline how the regulation will change benefit statements and will discuss implications for plans, providers and participants.
