WASHINGTON, April 16, 2018 (GLOBE NEWSWIRE) — Saying the legislation will greatly enhance the retirement security of millions of Americans, the Institutional Retirement Income Council (IRIC), a non-profit think tank for the institutional retirement industry, has embraced the Retirement Enhancement and Savings Act of 2018 (RESA) introduced in the Senate last month.
In a comment letter submitted to Senators Orin Hatch and Ron Wyden, co-sponsors of the legislation, IRIC endorsed the bill’s provisions that promote lifetime income strategies in employer-sponsored retirement plans. Those provisions include: requiring that benefit statements show lifetime income projections at least once per year, improving the […]
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