In February, the Treasury Department, the IRS, and the White House released guidance and commentary on proposed regulations that would allow defined benefits plans, defined contribution plans, IRAs, 403(b), and 457(b) plans to allow benefits options such as partial and longevity annuities.
The new proposal may come as good news for employees who have been forced to rely heavily on employee-sponsored 401 (k) plans after the 2009 financial meltdown tanked investments, including retirement savings, but could pose a challenge for employers who are not up to date on the latest information.
On May 3, 2012, the comment period concerning the proposed regulations closes, which means new regs could be on the table very soon. Don’t wait until the last minute. Participate in this interactive 90-minute webinar and get a better understanding of the key concepts surrounding partial and longevity annuities so you’ll know which types of savings plans to offer going forward.