Senate, House introduce bills mandating lifetime income disclosures for 401(k) plans
The bills are similar to ones introduced in the previous Congress, but failed to pass commitee.
Bipartisan legislation was introduced today in the Senate and House of Representatives that would require employers to provide 401(k) participants with a projection of monthly income at retirement, based on their current account balance.
Johnny Isakson, R-Ga., and Chris Murphy, D-Conn., introduced
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