The DOL has amended Interpretive Bulletin 95-1 to reflect Congressional guidance under the Pension Protection Act confirming that individual account plans are not subject to the “safest annuity provider” requirement under the Interpretive Bulletin.
Document Excerpt
This document contains a final rule that amends Interpretive Bulletin 95-1 to limit the application of the Bulletin to the selection of annuity providers for defined benefit plans.
Link http://www.dol.gov/federalregister/HtmlDisplay.aspx?DocId=21587&AgencyId=8&DocumentType=2
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