Business of Benefits

Business of Benefits

Category Archives: Lifetime Income Published Papers

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A Regulatory and Fiduciary Framework for Providing Lifetime Income from Defined Contribution Plans

Posted in Lifetime Income, Lifetime Income Published Papers
A more complete and up to date description of how lifetime income can work in a DC plan is in order. Evan Giller (newly Of Counsel with Boutwell and Faye) and I put together the attached piece entitled "Regulatory and Fiduciary Framework for Providing Lifetime Income from Defined Contribution Plans." It is originally appearing in the New York University Review of Employee Benefits and Executive Compensation - 2013. Published by LexisNexis Matthew Bender. Copyright 2013 New York University." In the paper, we've drawn upon our long experience with retirement plan annuities, mixing it well with all of these new developments.… Continue Reading

BNA’s “First Steps to Modernizing DC Annuitization: QLACs and Revenue Ruling 2012-3”

Posted in Lifetime Income, Lifetime Income Published Papers
For those of you who do not subscribe to BNA, BNA published as an "Insight" an article I wrote on QLAC and Rev Rul 2012-3 (yes, my author agreement permits me to post it here, with attribution).  Look for Paul Hamburger’s upcoming related article, delving into a number of technical and policy issues they raise,… Continue Reading

401(k) Annuities: “Defined Benefit” Guarantees Using a 401(k) Account

Posted in Lifetime Income, Lifetime Income Published Papers
It is back to the future, in an odd sort of way. There is growing trade press coverage on the interests of 401(k) plans and plan participants on turning a portion of participants’ account balances into a "defined benefit-like" guaranteed income stream. Follow, for example, this link to Plan Advisor.com. There are really two ways… Continue Reading
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