Director, Office of Regulations and Interpretations

1210-AB20 201710 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 three 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. The proposal will focus on one aspect of individual pension benefit statements, i.e., the addition of a lifetime income illustration on individual pension statements, in addition to presenting the benefits as an account balance.

]]> Other Significant Previously Published in The Unified Agenda Long-Term Actions No No Other 29 CFR 2520 29 U.S.C. 1025 ERISA sec. 105 Pub. L. 109-280, sec. 508, Pension Protection Act of 2006 29 U.S.C. 1135 ERISA sec. 505 Statutory Final 08/18/2007 No ANPRM 05/08/2013 78 FR 26727 ANPRM Comment Period End 07/08/2013 ANPRM Comment Period Extended 07/15/2013 78 FR 42027 ANPRM Comment Period Extended End 08/07/2013 Next Action Undetermined To Be Determined Undetermined Undetermined No No No No Jeffrey Turner J. Director, Office of Regulations and Interpretations 1210 Employee Benefits Security Administration EBSA 202 693-8500 Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington DC 20210