401(k) Plans: Other Countries' Experiences Offer Lessons in Policies and Oversight of Spend-down Options
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "The six countries GAO reviewed can offer U.S. regulators lessons on how to expand access to a mix of spend-down options for 401(k) participants that meet various retirement needs. Five of the six countries generally ensure that participants can choose among three main plan options: a lump sum payment, a programmed withdrawal of participants' savings, or an annuity. In the last several decades, all the c…
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Date:
November 20, 2013
Creator:
United States. Government Accountability Office.
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