1210-AB20 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1210 Employee Benefits Security Administration EBSA 1200 Department of Labor DOL Pension Benefit Statements

Section 508 of the Pension Protection Act of 2006 (PPA) amended section 105 of the Employee Retirement Income Security Act (ERISA) to require plans that are subject to ERISA to automatically provide participants and certain beneficiaries with individual pension benefit statements. Generally, defined benefit plans must provide the statement every 3 years, with an annual alternative. Individual account plans that permit participant direction must provide the statement quarterly, and individual account plans that do not permit participant direction must provide the statement annually. As part of this initiative, the Department will explore whether, and how, an individual benefit statement should and could present a participant's accrued benefits in a defined contribution plan (i.e., the individual's account balance) as a lifetime income stream of payments, in addition to presenting the benefits as an account balance.

]]> Other Significant Previously Published in The Unified Agenda Proposed Rule Stage No No 29 CFR 2520 29 USC 1025 ERISA sec 105 PL 109-280, sec 508, Pension Protection Act of 2006 29 USC 1135 ERISA sec 505 Statutory Final 08/18/2007 No ANPRM 05/08/2013 78 FR 26727 ANPRM Comment Period End 07/08/2013 Extension of ANPRM 07/15/2013 78 FR 42027 Comment Period End 08/07/2013 NPRM 07/00/2015 Undetermined Undetermined No No No No Suzanne Adelman Senior Pension Law Specialist 1210 Employee Benefits Security Administration EBSA 202 693-8500 202 219-7291 200 Constitution Avenue NW., FP Building, Room N-5655, Washington DC 20210