WASHINGTON, D.C. – The Insured Retirement Institute (IRI) is encouraged by the inclusion of lifetime income strategies in the proposed Fiduciary Duties in Selecting Designated Investment Alternatives rule issued by the U.S. Department of Labor (DOL).
IRI supports a more accommodating regulatory framework that facilitates greater use of lifetime income products, such as annuities, in defined contribution plans. Expanding access to protected, guaranteed lifetime income can help more of America’s workers and retirees achieve financial security in retirement.
IRI will discuss the proposal with its members and looks forward to working with DOL and providing the Department with detailed comments.
# # #
Contact: Dan Zielinski
Stay Informed
Latest News
IRI STATEMENT ON THE RETIREMENT OF REP. RON KIND
By Wayne Chopus, President and CEO “The Insured Retirement Institute (IRI) offers our best wishes and congratulations to a champion…
IRI CHEERS INTRODUCTION OF ELDER JUSTICE LEGISLATION
Measure Increases Support for State Programs to Combat Senior Citizen Exploitation WASHINGTON, D.C. – State programs to investigate elder abuse,…
INSURED RETIREMENT INSTITUTE WINS “POWER OF A” AWARD FOR ADVOCACY
WASHINGTON, D.C. — The Insured Retirement Institute (IRI) won recognition for its advocacy efforts to help America’s workers and retirees…