Michael Oleske of New York Life to Testify on behalf of IRI

WASHINGTON, D.C. - The Insured Retirement Institute (IRI) today announced that Michael Oleske, the Chief Tax Counsel for New York Life Insurance Company, will testify on behalf of IRI during the Internal Revenue Service's public hearing on proposed regulations related to the purchase of longevity annuity contracts under tax-qualified defined contribution plans. The hearing will take place today at 1 p.m. at the IRS Auditorium.

To view prepared remarks on behalf of IRI, click here.

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization that for twenty years has been a mainstay of service, commitment and collaboration within the insured retirement industry. Today, IRI is considered to be the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI proudly leads a national consumer education coalition of nearly twenty organizations and is the only association that represents the entire supply chain of insured retirement strategies: our members are the major insurers, asset managers, broker dealers and more than 150,000 financial professionals. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI's mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies and the consumers that rely on their guarantees. Visit www.IRIonline.org today to experience the vast resources of the Insured Retirement Institute for yourself.

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