In addition to expanding access to MEPs, the bill would facilitate lifetime income disclosure and clarify the current annuity selection safe harbor.
Tag: retirement plan legislation
The legislation would take steps to provide additional anti-cutback protections for Teamsters, miners, and other unionized American workers who have paid significant sums into multiemployer pension funds.
The RETIRE Act would ensure employers make retirement information easily accessible online, while providing protections for employees who prefer to receive paper documents.
The calendars summarize the annual compliance requirements and disclosure obligations that retirement and health plan sponsors need to know.
Congress has periodically adjusted the cash-out limit over the years to reflect increasing costs of plan administration; however, the last time it was updated was 1997.