To amend the Employee Retirement Income Security Act of 1974 to permit default investment arrangements in annuities, and for other purposes.
Lifetime Income For Employees Act
This bill allows fiduciaries of pension plans to make default investment arrangements in annuity contracts upon providing certain notice to plan participants or beneficiaries and complying with certain prohibitions on liquidity restrictions.
Introduced in House
Introduced in House
Referred to the House Committee on Education and the Workforce.
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