Lifetime Income Benefit Regulations Explained: New Options and Obligations for Employers

Lifetime Income Benefit Regulations Webinar Recording

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. 

Participate in this interactive webinar, and in just 90 minutes, you'll learn:

• The key differences between defined benefits pension plans and the increasing prevalence of defined contribution retirement plans, such as 401(k)s
• How the proposed IRS regulations seek to make it easier to offer lifetime income benefits to retirees
• Plain-English explanations on what terms like “partial annuities,” “longevity annuities,” “longevity insurance,” and “deeply deferred annuities” mean
• How selecting a lifetime income option may affect plan participants’ distribution options
• What the proposed regulations say about “self annuitization” and the practical impact they could have on defined benefits plans
• The difference between plans that pay out lump sums and annuities and why cash balance “hybrid” plans may be a good option to consider going forward
• And more

Learn how recently proposed IRS regulations and new guidance on employee-sponsored retirement plans will impact your organization by attending this eye-opening presentation. Register now for this interactive event for both HR managers and financial professionals..

This webinar was recorded on Friday, June 8, 2012

Lifetime Income Benefit Regulations Explained: New Options and Obligations for Employers

About Your Speakers:

Attorney Joseph J. Brennan is an associate in the Cleveland office of Fisher & Phillips LLP. He practices in the areas of labor and employment litigation and has significant experience in employee benefits matters. His benefits experience includes plan document compliance for both health and pension plans, updating and revising health and welfare plans to comply with the staggered phases of the new Patient Protection and Affordable Care Act, and more.

Attorney Jeffrey D. Smith is a partner in the Cleveland office of Fisher & Phillips LLP. He works with clients to create, implement, and maintain their retirement and health plans. He also advises employers on the impact of COBRA and HIPAA, as well as Multiple Employer Welfare Arrangements and Voluntary Employer Beneficiary Associations.