Director, Office of Regulations and Interpretations

1210-AB20 202110 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-Lifetime Income Illustrations

Section 105 of the Employee Retirement Income Security Act (ERISA) requires 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 of investments must provide the statement quarterly, and individual account plans that do not permit participant direction of investments must provide the statement annually. Section 203 of the Setting Every Community Up for Retirement Enhancement Act of 2019 amended section 105 of ERISA to add a lifetime income illustration to pension benefit statements furnished to participants in certain defined contribution plans.

]]> Economically Significant Previously Published in The Unified Agenda Final Rule Stage Yes No 29 CFR 2520 29 U.S.C. 1025 Pub. L. 109-280, sec. 508, Pension Protection Act of 2006 29 U.S.C. 1135 Pub. L. 116-94. sec. 203, Setting Every Community Up for Retirement Enhancement Act of 2019 Statutory Final 12/19/2020 Interim Final Rule 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 Interim Final Rule 09/18/2020 85 FR 59132 Interim Final Rule Effective 09/18/2021 Interim Final Rule Comment Period End 11/17/2020 Final Rule 02/00/2022 No None 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