RETIREMENT: Labor chief calls for annuities in pension plans
Labor Secretary Hilda Solis said last month that one of her department's top regulatory goals this year will be to encourage employers to offer annuities in pension plans.
Labor Secretary Hilda Solis said last month that one of her department’s top regulatory goals this year will be to encourage employers to offer annuities in pension plans. Speaking in a video webcast, Ms. Solis said her agency and the Treasury Department are working together “to determine how best to enhance retirement security by facilitating access to a lifetime stream of income at retirement.” For more information, visit dol.gov/regulations/chat-ebsa.htm.
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