Lifetime Income Benefit Regulations Explained: New Options and Obligations for Employers
|Date / Time:
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..
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.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:|
Webcasts, audio conferences, and podcasts are presentations that you
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versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without
any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back
at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous
times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the
presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
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All US States: 1.5
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