The hearing is September 14 and 15, 2010, and the EBSA previously said witnesses will address issues relating to:
•certain participant concerns affecting the choice of lifetime income relative to other options;
•information to help participants make choices on the management and spend down of retirement benefits;
•disclosure of account balances as monthly income streams;
•the fiduciary safe harbor for selection of lifetime income issuers or products; and
•alternative designs of in-plan and distribution lifetime income options. (see “DoL and Treasury to Hold Hearing on Lifetime Income Options“)
Accompanying the agenda are copies of the witnesses’ requests to testify (http://www.dol.gov/ebsa/pdf/1210-AB33hearingagenda.pdf ) and testimony outlines (http://www.dol.gov/ebsa/regs/cmt-1210-AB33.html ).
A live Webcast of the hearing will also be available through EBSA’s Web site.