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DOL/EBSA RIN: 1210-AB20 Publication ID: Fall 2018 
Title: Pension Benefit Statements  
Abstract:

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.

 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 29 CFR 2520   
Legal Authority: 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   
Legal Deadline:
Action Source Description Date
Final  Statutory    08/18/2007 
Timetable:
Action Date FR Cite
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 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Deputy Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
Room N5669, 200 Constitution Avenue NW., FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500