Two members of the U.S. House of Representatives, one a Democrat and the other a Republican, have introduced H.R. 1439, known as the Increasing Access to a Secure Retirement Act.
Tag: annuity selection safe harbor
The amendment is a fiduciary rule safe harbor for the selection of a lifetime income provider for retirement plans.
In addition to expanding access to MEPs, the bill would facilitate lifetime income disclosure and clarify the current annuity selection safe harbor.